Tiny Panda Quotes
Quotes by David Ricardo
David Ricardo (1772-1823) was a pioneering British economist whose ideas laid the groundwork for classical economics. Born into a wealthy Jewish family in London, Ricardo ventured into finance and later turned his analytical mind to economic theory. His seminal work, "Principles of Political Economy and Taxation," introduced concepts such as comparative advantage and the labor theory of value, transforming economic thought. A member of Parliament, Ricardo's influence extended beyond academia, shaping public policy and the understanding of trade and wealth that resonates to this day.
2 quotes found
"Gold and silver, like other commodities, have an intrinsic value, which is not arbitrary, but is dependent on their scarcity, the quantity of labour bestowed in procuring them, and the value of the capital employed in the mines which produce them."
David Ricardo