Ricardo Sentence Examples
Ricardo's works, in fact, do not explain a theoretical system, but contain the matured reflections, more or less closely reasoned, of a man of great mental power looking out on the world as it appeared to a business man experienced in affairs.
In the following year he was introduced to political economy and studied Adam Smith and Ricardo with his father.
Though Mill appears here purely as the disciple of Ricardo, striving after more precise statement, and reaching forward to further consequences, we can well understand in reading these essays how about the time when he first sketched them he began to be conscious of power as an original and independent thinker.
In the history of economics or the biography of Ricardo it is of interest to show that he anticipated later writers, or that his analysis bears the test of modern criticism; but no economist is under any obligation to defend Ricardo's reputation, nor is the fact that a doctrine is included in his works to be taken as a demonstration of its truth.
Like Malthus, Ricardo owes his reputation very largely to the theory associated with his name, though it has long ceased to be stated precisely in the terms he employed.Advertisement
We may talk of the assumptions implicitly involved in Ricardo's works.
Such is the character of much of the work of Ricardo and some of his contemporaries.
We think that the decay of interest in these writers involves a real loss, and that students of modern problems may do worse than read Ricardo and his school.
Ricardo's statement of the theory left upon the world an impression, not wholly just, of singular clearness.
By November the Spaniards had evacuated the greater part of the island; after Captain General Macias embarked for Spain, General Ricardo Ortega was governor from the 6th to the 18th of October, when the island was turned over to the American forces.Advertisement
This position he founded on the law of wages formulated by Ricardo, and accepted by all the leading economists, that wages are controlled by the ordinary relations of supply and demand, that a rise in wages leads to an increase in the labouring population, which, by increasing the supply of labour, is followed by a corresponding fall of wages.
In his youth Ricardo Palma published three books of poems, entitled Armonias, Verbos y Gerundios and Pasionarias, and then, since 1870, devoted his great literary talents to writing the historical traditions of Peru, of which six volumes were published.
Ricardo's paper on" The Influence of Various Fuels on the Performance of Internal-Combustion Engines,"published in 1921.
Between these two were Questions in Political Economy, Politics, Morals, &c. (1823), and a Critical Dissertation on the Nature, Measure, and Causes of Value (1825), directed against the opinions of Ricardo and his school.
It is, in fact, the confluence of the Malthusian ideas with the theories of Ricardo, especially with the corollaries which the latter deduced from the doctrine of rent (though these were not accepted by Malthus), that has led to the introduction of population as an element in the discussion of so many economic questions in modern times.Advertisement
It followed up the views of Ricardo, with whom Mill was always on terms of intimacy.
In 1817 he came under the influence of David Ricardo, and through him of James Mill and Jeremy Bentham.
Professor Marshall has said of his work in economics that it "will probably be found to have more constructive force than any, save that of Ricardo, that has been done during the last hundred years."
At the age of fourteen Ricardo entered his father's office, where he showed much aptitude for business.
The report of the committee asserted the same views which Ricardo had put forward, and recommended the repeal of the Bank Restriction Act.Advertisement
Ricardo's first tract, as well as another on the same subject, attracted much attention.
M'Culloch were Ricardo's disciples, and, he added, his only genuine ones.
We now know that the theory had been fully stated, before the time of Malthus, by Anderson; it is in any case clear that it was no discovery of Ricardo.
Ricardo's chief work, Principles of Political Economy and Taxation, appeared in 1817.
Smith had already dealt with this question; Ricardo develops and criticizes his results.Advertisement
In 1819 Ricardo, having retired from business and become a landed proprietor, entered parliament as member for Portarlington.
A certain step towards realizing the objects of his scheme, though on different lines from Ricardo's, was taken in Sir Robert Peel's act of 1844, by which the discount business of the bank was separated from the issue department.
Ricardo died on the nth of September 1823, at his seat (Gatcomb Park) in Gloucestershire, from a cerebral affection resulting from disease of the ear.
In forming a general judgment respecting Ricardo, we must have in view not so much the minor writings as the Principles, in which his economic system is expounded as a whole.
For any large treatment of moral and political questions he seems to have been alike by nature and preparation unfitted; and there is no evidence of his having had any but the most ordinary and narrow views of the great social problems. He shows no trace of that hearty sympathy with the working classes which breaks out in several passages of the Wealth of Nations; we ought, perhaps, with Held, to regard it as a merit in Ricardo that he does not cover with fine phrases his deficiency in warmth of social sentiment.
But the truth of Ricardo's theorems is now by his warmest admirers admitted to be hypothetical only.
Bagehot seems right in believing that Ricardo himself had no consciousness of the limitations to which his doctrines are subject.
The criticisms to which Ricardo's general economic scheme is open do not hold with respect to his treatment of the subjects of currency and banking.
They were, besides, the departments of the study to which Ricardo's early training and practical habits led him to give special attention; and they have a lasting value independent of his systematic construction.
His Cours d'economie politique (1838-54) gave in classic form an exposition of the doctrines of Say, Malthus and Ricardo.
Treated at first as a doctrine peculiarly applicable to land, with a certain controverted relevance to other natural agents, it has been so extended that there is scarcely any subject of economic study in which we may not expect to find adaptations or analogies, so that Ricardo seemed to have discovered the key of economic knowledge.
The Ricardo steady-state flow rig Ã¢ providing cost-effective quantification of bulk swirl or tumble Ã¢ provides the starting point in most programs.
She is the only child of Mandy Teefy, a former actress, and Ricardo Gomez.
Some actors that were not best known for their dancing skills, such as James Cagney and Ricardo Montalban (a fantastic tanguero) were nonetheless influential players in the on-screen history of ballroom dance.
Ricardo luggage sets are designed with refined luxury in mind.
Sharp performance luggage that delivers more than just functionality, the Ricardo Beverly Hills collection is also wildly eye-catching.
The Ricardo luggage collection is separated into nine groups.
The collaboration between the beloved Vera Bradley and Ricardo Beverly Hills appeals to the stylish female traveler.
Teaming Bradley's luxurious quilted cotton with Ricardo's impeccable attention to detail results in one of the most memorable luggage collections to date.
Based on the popular television series from the 1980's, July movie releases include the big screen version of Miami Vice starring Colin Farrell and Jamie Foxx as detectives Sonny Crockett and Ricardo Tubbs.
Ricardo Antonio Chavira earned his Master of Fine Arts from The University of California - San Diego before moving to Los Angeles and pursuing an acting career.
Similar to the aforementioned stars, actor Ricardo Antonio Chavira, who plays Carlos Solis, has been with the hit show since its debut.
Erica runs her own advertising business while Ricardo also works in advertising.