Ricardo: Untold

Business & Finance, Economics, Theory of Economics
Cover of the book Ricardo: Untold by Hak Choi, Hak Choi
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Author: Hak Choi ISBN: 1230002233611
Publisher: Hak Choi Publication: March 24, 2018
Imprint: Language: English
Author: Hak Choi
ISBN: 1230002233611
Publisher: Hak Choi
Publication: March 24, 2018
Imprint:
Language: English

Unlike other economists, David Ricardo has produced some innovative theories. His most famous theory is the use of comparative advantage to explain international trade; his rent theory is also widely applied, but his most influential theory must be his explanation to the “diamond-water paradox”. How influential? Cost supply, tariff, protectionism, and communism all stem from this explanation. If this statement sounds blaming, rather than appreciating Ricardo, that is the purpose. Likewise, his rent theory has led to the tolerance of ugly monopolists, and his trade theory has also led everyone into the wrong direction for a very very long time. This volume will tell these stories one by one.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Unlike other economists, David Ricardo has produced some innovative theories. His most famous theory is the use of comparative advantage to explain international trade; his rent theory is also widely applied, but his most influential theory must be his explanation to the “diamond-water paradox”. How influential? Cost supply, tariff, protectionism, and communism all stem from this explanation. If this statement sounds blaming, rather than appreciating Ricardo, that is the purpose. Likewise, his rent theory has led to the tolerance of ugly monopolists, and his trade theory has also led everyone into the wrong direction for a very very long time. This volume will tell these stories one by one.

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