David Ricardo

Economist, author of Principles of Political Economy

David Ricardo - Thinkers & Philosophers born April 18th, 1772
Born
Died
Category

Thinkers & Philosophers

Country

United Kingdom

Links & References

An influential economist and politician contributed significantly to classical economics. Developed the theory of comparative advantage, which outlines how countries can benefit from trade by specializing in the production of goods in which they have a relative efficiency. His major work, 'Principles of Political Economy and Taxation,' published in 1817, examined the relationship between income distribution, rent, and profit. Engaged in political life as a member of Parliament, advocating for free trade and policy reform.

Authored 'Principles of Political Economy'

Formulated the law of comparative advantage

Contributed to the theory of rent

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