David Ricardo
Definition
English classical economist (1772–1823). Formulated comparative advantage, the labor theory of value, and the law of rent.
Example
Ricardo's Principles of Political Economy and Taxation (1817) launched modern trade theory.
English classical economist (1772–1823). Formulated comparative advantage, the labor theory of value, and the law of rent.
Ricardo's Principles of Political Economy and Taxation (1817) launched modern trade theory.