: Ricardo's most famous contribution. It argues that international trade is mutually beneficial if countries specialize in goods where they have the lowest relative opportunity cost, even if one country is more efficient at producing everything.
David Ricardo (1772 – 1823) was a prominent classical economist who gave a systematized form to a rising discipline of 'economics' economicsociology.org Principios de EconomГa PolГtica y TributaciГіn. ...
On the Principles of Political Economy and Taxation - Econlib : Ricardo's most famous contribution
David Ricardo: What is the Key Problem in Political Economy? : Ricardo posits that the exchange value of
: Ricardo posits that the exchange value of most commodities is determined by the total quantity of labor required for their production.
: Ricardo argues that the national product is divided among three classes: landowners (rent), capitalists (profits), and workers (wages). He observed an inverse relationship where a rise in wages typically leads to a fall in profits. Key Sections and Chapters