Person

David Ricardo

1772–1823 · 19th century

David Ricardo was a British political economist and one of the leading classical economists. His Principles of Political Economy and Taxation (1817) developed the theory of comparative advantage, the labour theory of value and the law of diminishing returns; he made a fortune as a stockbroker and, as a member of Parliament, argued against the Corn Laws.

David Ricardo
Image: Thomas Phillips · Public domain · Wikimedia Commons

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APA
The Epoch Institute. (2026). David Ricardo. In The Epoch Institute Encyclopedia. https://the-epoch-institute.org/encyclopedia/david-ricardo
MLA
“David Ricardo.” The Epoch Institute Encyclopedia, The Epoch Institute, 2026, https://the-epoch-institute.org/encyclopedia/david-ricardo. Accessed .
Chicago
The Epoch Institute. “David Ricardo.” The Epoch Institute Encyclopedia. 2026. https://the-epoch-institute.org/encyclopedia/david-ricardo.
Harvard
The Epoch Institute (2026) ‘David Ricardo’, The Epoch Institute Encyclopedia. Available at: https://the-epoch-institute.org/encyclopedia/david-ricardo (Accessed: ).

Last reviewed October 2026Random entry ↻