As we near the end of the school year, and as we get closer to the chapters on international trade, it is fitting that we recognize David Ricardo's birthday. It is to Ricardo that we owe the idea of comparative advantage. And his example of English wool and Portuguese wine remains one of the classics of economics.
To find out more about Ricardo's work on comparative advantage, as well as theories of rent, growth and money, check out mini-biographies here, here, and here.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment