David Ricardo is very much alive (and kicking)

The economist David Ricardo (18 April 1772 – 11 September 1823) formulated the famous theory of comparative advantage, which soon became one of the most influential pieces in the field of international trade and industrial specialization. His theory of value (prices and rents mechanism) however is generally less known, but it also led to very … Continue reading “David Ricardo is very much alive (and kicking)”