| 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.
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.
