Tag » David Ricardo

The Vengeful Racist Story of how Economics got labelled “The Dismal Science”

Today, I tell you a simple story. Its a story, many a times told and retold. A story of colonies and slavery, of a rapidly industrializing England, of corn and sugar, of the Irish and the Blacks, and importantly, of a crazy racist thinker Thomas Carlyle, who would give economics its “dismal” identity, which has lasted a whole 156 years after the term was coined in 1859. 1.386 more words

Articles On Economics

Economics, and Criticism of David Ricardo's Theories

This first appeared in a conversation on Facebook. My correspondent is a professor of economics who is also the author of a textbook on that subject. 627 more words

What is a Free Trade Treaty?

With the upcoming April 13, 2015 vote on The Trans-Pacific Partnership Treaty (TPP), it may be important to know what a Free Trade treaty is (which the TPP is). 1.805 more words

Trans Pacific Partnership Pact

Henry C. Carey on Law and Civilization (Part 2)

In my previous post on the 19th century political economist Henry C. Carey I underscored some of his methodological suppositions (his Newtonianism, his Baconianism and his dependence upon William Whewell). 2.364 more words

History Of The Human Sciences

Resumen: "Principios de Economía Política y Tributación", David Ricardo (1817)

Resumen: “Principios de Economía Política y Tributación”, David Ricardo (1817) 

En el 2017 se cumplirán los 200 años de la publicación de la primera edición en inglés del libro. 6.280 more words


Knowing the Correct Nothing is the surest way of advancing in economics and politics

Probably it has been remarked elsewhere that ignorance is no barrier to advancement. This is certainly true of the economics. Despite the subject matter of economics being the stuff of existence, economists have little knowledge of the real economy. 716 more words


The principal problem of Political Economy

by David F. Ruccio.


The discussion of capital and labor shares puts the issue of class at the top of the agenda. No wonder, then, that mainstream economists are expending so much effort these days attempting to define away the problem. 557 more words