Introduction to Ricardo
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- čas přidán 23. 08. 2024
- David Ricardo is best known today for his pioneering articulation of the theory of comparative advantage -- the idea that trade is most mutually beneficial when parties specialize according to their relative opportunity costs and then trade. But comparative advantage is only one part of Ricardo's extensive analyses of the determinants of rents and the distribution of income. He developed his ideas in the context of government restrictions on trade, first from blockades during the Napoleonic Wars and the Corn Laws that Parliament passed to restrict imports of grains into the UK.
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I'm reading Ricardo straight from his major work. His way of thinking cannot be summarized into a small review of his major contributions. I would encourage anyone interested in Ricardo to read him directly.
Can you tell me the names of books?
How far are you now?
Ricardo seems to be in love with Adam Smith and then as the time past he starts arguing with him
i dont get it
I love the way she talk.
He did forget one important thing in his model: Time is missing, so the model is silent on the biggest long-run factor; technological progress (economic growth), which hints that network externalities and domestic varieties are also things to consider.
Austrians fill this gap nicely I think
Ricardo with Tooke, Torrens, James Mill and Malthus were founders of the Political Economy Club. So, it seems important people always know eachother- as with Smith being friends with Hume, Hume with Rousseau, etc.
This guy is actually my great great great great grandfather
Madam, can you please send a comprehensive lecture on History of Economic thought covering from Adam Smith to the present.
Corn Laws in Britain were enforced in 1815 , not 1804. Please correct that historical error.
The Economics news journal actually started in 1843 to fight the Corn laws.
I like Prof. Lynne Kiesling's presentation of the economic thought of some famous economists, including Adam Smith and David Ricardo.
Excellent thank you
GOOD ONE
C'mon, spit it out already!
Did you know that Ricardo was on I love Lucy?
took her 8 minutes to say trade is good
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she's reading off a prompt ? really, and this woman has a PhD !!
If you try to speak from your mind you might make awful mistakes. That doesn't mean that you don't know about the topic.
Some people aren't really good with talking. Plus, last time I checked it isn't a requirement for a PhD :)
what does memory have to do with having a phd? remembering a script is a skill of memory....