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Month: June 2017

Ricardo: A Tale of Two Worlds

David Ricardo (1772–1823) was a versatile man. A stock trader, politician and, most importantly, an economist. He is considered the first of the classical economists, thus symbolizing the transition from mercantilism to capitalism. While his theories are mostly derived from mathematical abstractions, he communicated his ideas in understandable, down-to-earth language. Besides a versatile man, Ricardo […]

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