David Ricardo - A Biography

Paper Summary:

This paper presents a biography of David Ricardo, the eminent British economist (1772 - 1823). The paper first discusses Ricardo's ideas and the essays that he wrote and looks at how he influenced economic thought during his lifetime. In addition, the paper examines Ricardo's views and their relevance in the current economic scenario, specifically with regards to the idea of comparative advantage.

Table of Contents:
David Ricardo - Biography
Ricardo -Times and Influences
Ricardo - His Ideas
Ricardo in the Spectrum of Economic Thought
Ricardo - Relevance in Current Economic Scenario

From the Paper:

"Breaking from his family's orthodox Jew traditions, Ricardo married a Quaker, Priscilla Anne Wilkinson, at the age of 21 in 1793 and established his own business as a dealer in Government securities. Having acquired immense riches in his business, at the age of 41, in 1814, he decided to retire from his business, bought the estate of Gatcomb Park and settled down to lead the life of a country gentleman. Ricardo was elected to the British parliament in 1819 as an independent representative of a borough in Ireland, Portarlington, which he served till his death in 1823."

Sample of Sources Used:

• Robert Heilbronner, The Worldly Philosophers: The Lives, Times, and Ideas of the Great Economic Thinkers, 7 th edition, London: Penguin, 2000, Ch. 4

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