Introduction to Ricardo

Course Outline

Introduction to Ricardo

Instructor: Lynne Kiesling , Northwestern University

David Ricardo is best known today for his pioneering articulation of the theory of comparative advantage -- the idea that trade is most mutually beneficial when parties specialize according to their relative opportunity costs and then trade. But comparative advantage is only one part of Ricardo's extensive analyses of the determinants of rents and the distribution of income. He developed his ideas in the context of government restrictions on trade, first from blockades during the Napoleonic Wars and the Corn Laws that Parliament passed to restrict imports of grains into the UK.

Teacher Resources

Transcript

Subtitles

Verified Available Languages


Turn captions on or off:

  1. If captions are available the (CC) icon will be visible on the player.
  2. To turn captions on, tap (CC).
  3. To turn captions off, tap (CC) again.
     

Select caption language: 

  1. Click the settings icon (⚙) at the bottom of the video screen.
  2. Click Subtitles/CC.
  3. Select a language.
     


 

Contribute Translations!

Join the team and help us provide world-class economics education to everyone, everywhere for free! You can also reach out to us at support@mru.org for more info.


Submit subtitles

 

 

Accessibility

We aim to make our content accessible to users around the world with varying needs and circumstances.

Currently we provide:


Are we missing something? Please let us know at support@mru.org

Citations

Download