Biography
Where was he born?
London, England
At a young age who was he influenced by?
His father
What was his theory called?
The Ricardian Theory of Trade
Do economists still use his theory?
Yes
How many children did he have?
8
How did he die?
He died from an ear infection
How many years did he study economics for?
10 years
How many theories does he have?
8
Did he contribute to creation of minimum wage?
Yes
What was his wife's name?
Priscilla Anne Wilkinson
At the age of 14 he helped his father where?
At the London Stock Exchange
How many pounds worth of goods did Britain imported annually?
What are the three classes of the community in his Theory of Distribution?
The landlords, workers and owners of capital
Did he believe in the capability of technology to improve crop fields?
No
At what church was he buried in?
Saint Nicholas
What type of economist is he?
A Classical and Political economist
During 1793 what did Ricardo continue to be a member of?
Stock Exchange
What is Ricardian Equivalence?
When the government attempts to raise funds in government based spending, consumers action in the present reflect on the situations they might face in the future
What positive impact did removing the need to pay for tariffs of imported goods do?
Businesses saved money and prospered
How many siblings did he have?
16
What was his ear infection called?
Induced septicaemia
What is Mercantilism?
When Europe exported more than imported goods
What was the essay he wrote about the Law of Diminishing Returns called?
“The Influence of a Low Price of Corn on the Profits of Stock”
What are two things Ricardo promoted?
Trade and civilization
When he died around how much was his fortune?
600, 000 euros