What was the economist David Ricardo's legacy?

Well, Ricardo on trade, specifically comparative advantage, that shows how relative costs and values go into the decision to import and export. Go through some of the examples about the choice of what to produce for trade: https://en.wikipedia. read more

For development economics, it means that every country is able to enrich themselves through trade. For labor economics, it means that immigration has a net positive impact on productivity. Even though Krugman’s work on New Trade Theory that earned him his Nobel modified Ricardo, it remains only a modification - the basic tenets of international trade are still guided by Ricardo. read more

David Ricardo. David Ricardo (18 April 1772 – 11 September 1823) was a British political economist. He was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and James Mill. read more

The brilliant British economist David Ricardo was one the most important figures in the development of economic theory. He articulated and rigorously formulated the"Classical" system of political economy. The legacy of Ricardo dominated economic thinking throughout the 19th Century. read more

David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, one of the most influential of the classical economists along with Thomas Malthus, Adam Smith and James Mill. read more

David Ricardo, 1772-1823 . The brilliant British economist David Ricardo was one the most important figures in the development of economic theory. He articulated and rigorously formulated the"Classical" system of political economy. The legacy of Ricardo dominated economic thinking throughout the 19th Century. read more