What does david ricardo mean?
Definitions for david ricardo
david ri·car·do
This dictionary definitions page includes all the possible meanings, example usage and translations of the word david ricardo.
Princeton's WordNet
Ricardo, David Ricardonoun
English economist who argued that the laws of supply and demand should operate in a free market (1772-1823)
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david ricardo
David Ricardo (1772 – 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. He is best known for his theory of comparative advantage, which suggests that nations should specialize in the production of goods they can produce most efficiently and trade for those they can't, promoting global efficiency and prosperity. His other significant contributions include theories on wages, profits, rents, and the law of diminishing returns.
Wikidata
David Ricardo
David Ricardo was a British political economist and stock trader. He was often credited with systematizing economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill. He was also a member of Parliament, businessman, financier and speculator, who amassed a considerable personal fortune. Perhaps his most important contribution was the theory of comparative advantage, a fundamental argument in favour of free trade among countries and of specialisation among individuals. Ricardo argued that there is mutual benefit from trade even if one party is more productive in every possible area than its trading counterpart, as long as each concentrates on the activities where it has a relative productivity advantage.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of david ricardo in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of david ricardo in Pythagorean Numerology is: 9
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"david ricardo." Definitions.net. STANDS4 LLC, 2024. Web. 29 Apr. 2024. <https://www.definitions.net/definition/david+ricardo>.
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