IDEAS home Printed from https://ideas.repec.org/a/sko/yrbook/v20y2021i1p173-200.html
   My bibliography  Save this article

The Theoretical Contributions Of David Ricardo In The History Of Economic Thought

Author

Listed:
  • Teodor Sedlarski

    (Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski)

Abstract

This article elaborates on the theoretical contributions of David Ricardo and the way they are introduced in the History of economic thought class. Ricardo's defining ideas in the realm of political economy like the Ricardian rent, the comparative advantage, the specie-flow mechanism, the steady-state, the unified methodology of the labour theory of value, and the natural wage are being discussed in the text in close connection to his lesser known contributions like Ricardo's Ingot Plan, the recommendation to nationalize the Bank of England and his stance in the bullionist controversy, as well as the Ricardian equivalence proposition. The discussion is preceded by a short note on Ricardo's life and work and concludes with an overview of his influence on next generations of economic thinkers.

Suggested Citation

  • Teodor Sedlarski, 2021. "The Theoretical Contributions Of David Ricardo In The History Of Economic Thought," Yearbook of the Faculty of Economics and Business Administration, Sofia University, Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria, vol. 20(1), pages 173-200, September.
    • Handle: RePEc:sko:yrbook:v:20:y:2021:i:1:p:173-200
    as

    Download full text from publisher

    File URL: http://www.feba.uni-sofia.bg/sko/yrbook/Yearbook20-10.pdf
    Download Restriction: no
    File URL:
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    political economy; Ricardian rent; comparative advantage; specie-flow mechanism; steady-state; labour theory of value; wage-fund doctrine; natural wage; Ricardo's Ingot Plan; bullionist controversy; Ricardian equivalence proposition.;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sko:yrbook:v:20:y:2021:i:1:p:173-200. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Teodor Sedlarski (email available below). General contact details of provider: https://edirc.repec.org/data/fesofbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.