Tag » David Ricardo

Adam Smith

Much is said about Adam Smith in the world of economics.  A Scottish economist from the late 18th century, this gentleman contributed highly to the foundation of modern economics. 317 kata lagi

Free Trade

In our ongoing struggle to uncover the stem from which all subsequent evil flows (capitalism), we converse with returning guest and economics specialist Harris Pham to discuss the secret life of free trade. 45 kata lagi


David Ricardo and the Comparative Advantage - Happy anniversary

On April the 19th, 1817 David Ricardo published his famous book “On the Principles of Political Economy and Taxation” in which he developed his theory of the comparative advantage. 34 kata lagi

World Trade

Globalization Alone Does Not Produce Losers!

by Gunther Schnabl*

The Brexit and the election of U.S. President Donald Trump were unexpected and were followed by a search for explanations. Subsequently, the common view spread that globalization is at the root of the frustrations of more and more people who are susceptible to strong nationalist statements from populists. 836 kata lagi


How Marx observed Capitalists at work: Read former Greek finance minister Yanis Varoufakis

How Marx observed Capitalists at work: Read former Greek finance minister Yanis Varoufakis

Before he entered politics, Yanis Varoufakis, the iconoclastic Greek finance minister at the centre of the latest Eurozone standoff, wrote this searing account of European capitalism and and how the left can learn from Marx’s mistakes… 5.081 kata lagi


He Said That? 3/13/17

From Robert Higgs (born 1944), American economic historian and economist combining material from Public Choice, the New Institutional economics, and the Austrian school of economics; and a libertarian anarchist in political and legal theory and public policy. 118 kata lagi


Principles of Political Economy and Taxation

The author identifies the two primary causes for a given value as scarcity — how rare is the product within the market space — and the labor necessary to produce such commodity. 1.300 kata lagi