David Ricardo was a Non-Fiction Author born in April 18, 1772 who had a net worth of $14 Million. He is known for his economic theories such as the law of diminishing returns, the labor theory of value, and Ricardian equivalence. His most famous work, On the Principles of Political Economy and Taxation, was published in 1817 and is still studied today.
David Ricardo is a member of Non-Fiction Author
Age, Biography and Wiki
💰 Net worth: $14 Million (2024)
About
An English political thinker and writer, he is credited with such economic theories as the law of diminishing returns, the labor theory of value, and Ricardian equivalence. His famous work, On the Principles of Political Economy and Taxation, was published in 1817.
Before Fame
He began his career as a stockbroker. He later served in the House of Commons.
Trivia
He invented the economic theory of competitive advantage.
Family Life
He grew up with sixteen siblings. He married Priscilla Anne Wilkinson, a Quaker, at age twenty-one, and soon thereafter converted to Unitarianism. As a result, his Jewish parents disowned him.
Associated With
He is considered to be one of the founding philosophers of economics, along with Thomas Malthus.
