David Ricardo

Quick Facts

Full Name	David Ricardo
Occupation	Non-Fiction Author
Date Of Birth	Apr 18, 1772(1772-04-18)
Age	252
Date Of Death	September 11, 1823
Birthplace	London
Country	United Kingdom
Birth City	England
Horoscope	Aries

David Ricardo Biography

David Ricardo is one of the most popular and richest Non-Fiction Author who was born on April 18, 1772 in London, England, United Kingdom. A English political writer and thinker The man is acknowledged for economic theories such as diminished returns as a law, labour theory of value and Ricardian equivalents. His most well-known work, On the Principles of Political Economy and Taxation, was published in 1817.

He is believed by many to have been one of the pioneering economists alongside He is considered to be one of the founding philosophers of economics, along with Thomas Malthus..

He was raised with 16 siblings. He was married to Priscilla Anne Wilkinson who was a Quaker at the age of twenty-one. Soon after, he changed his religion to Unitarianism. In the end, his Jewish parents refused to accept him.

David Ricardo Net Worth

David Ricardo is one of the richest Non-Fiction Author from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, David Ricardo 's net worth $5 Million. (Last Update: December 11, 2023)

He started his career as an stockbroker. Later, he was a member of Parliament in the House of Commons.

He developed his theory on competitive advantages in the economy.

Height, Weight & Body Measurements

David Ricardo height Not available right now. David weight Not Known & body measurements will update soon.

Who is David Ricardo Dating?

According to our records, David Ricardo is possibily single & has not been previously engaged. As of December 1, 2023, David Ricardo’s is not dating anyone.

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Facts & Trivia

David Ranked on the list of most popular Non-Fiction Author. Also ranked in the elit list of famous people born in United Kingdom. David Ricardo celebrates birthday on April 18 of every year.

What is David Ricardo's economic theory?

comparative advantage , economic theory, first developed by 19th-century British economist David Ricardo, that attributed the cause and benefits of international trade to the differences in the relative opportunity costs (costs in terms of other goods given up) of producing the same commodities among countries.

Who is David Ricardo and what is he famous for?

David Ricardo (1772–1823) was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents. David Ricardo and several other economists also simultaneously and independently discovered the law of diminishing marginal returns.

What did David Ricardo argue?

Ricardo’s argument was that there are gains from trade if each nation specializes completely in the production of the good in which it has a “comparative” cost advantage in producing, and then trades with the other nation for the other good.

Did David Ricardo believe in capitalism?

812, 813). Thus, profits would be directed toward landlords and away from the emerging industrial capitalists. Ricardo believed landlords tended to squander their wealth on luxuries, rather than invest. He believed the Corn Laws were leading to the stagnation of the British economy.

What is Ricardo's theory of rent?

Rent is the payment made to landlord for the. use of land. Ricardo was of the view that rent is paid for the fertility of land. Ricardo stated “Rent is the portion of the produce of the earth which is paid to. landlord for the use of the original and indestructible powers of the soil.