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David Ricardo

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
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Noun1.David Ricardo - English economist who argued that the laws of supply and demand should operate in a free market (1772-1823)


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A: Since the days of Jeremy Bentham and David Ricardo, the central argument of economics has been that prudence--the idea that everything is about maximizing utility --is the preeminent virtue.
The arguments on behalf of free trade have a venerable ancestry that traces to David Hume, Adam Smith, and David Ricardo.
In 1822, David Ricardo seems to have agreed, writing, "Almost all taxes on production fall finally on the consumer.
 
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