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Which is why David Ricardo’s economic theories are still an important part of modern economics. The advantages of farming are obvious enough from a human perspective, my goal is to achieve 6.
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This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. Ricardian economics are the economic theories of David Ricardo, an English political economist born in 1772 who made a fortune as a stockbroker and loan broker. Ricardo wrote his first economic article ten years after reading Adam Smith and ultimately, the “bullion controversy” gave him fame in the economic community for his theory on inflation in 19th-century England. For example, consider a simple farm that has two inputs: labor and land.