1. After Adam Smith, David Ricardo replaced the absolute cost rule with the relative cost rule, as made the theory of free trade more adaptive to the general conditions and more universal.

2. It is generally assumed, as the famous economist David Ricardo stated in the nineteenth century, that the free flow of international trade benefits all who participate.

3. When David Ricardo posited that comparative advantage was the basis of trade, he conceived of countries specialising in products, such as wine or cloth.

4. However the term is usually attributed to David Ricardo who explained it in his 1817 book On the Principles of Political Economy and Taxation in an example involving England and Portugal.

5. I'm no David Ricardo, but it seems to me that if entrepreneurs followed this "la"", the gains to their start-ups would be akin to the gains attributed to free trade.

6. David Ricardo said that each country would then possess comparative advantage in the production of one of the two products.

7. David Ricardo described land as the " original and indestructable power of the soil. "

8. But David Ricardo took Adam Smith's theory of absolute advantage one step further.

9. David Ricardo described land as the " original and indestructible power of the soil. "

10. The Comparative Advantage Theory of David Ricardo is constructed on a series of assumptions including perfect competition and constant returns to scale.

11. Lecture 3 introduces what we know as the "dismal science" and the work of Thomas Robert Malthus and David Ricardo.

12. This model begins with the entrepreneur diligence and the suggestion of venture capital companies,[/david ricardo.html] constructs two-period enterprise life cycle mode on the foundation of David Ricardo production model.

13. However, So Called"David Ricardo′s Equal Value Theorem"Is A Misunderstanding of the Theory of David Ricardo′s Primium Bonds.

14. The United States should be a big trade country according to the theory of comparative advantage introduced by the English economist David Ricardo.

15. This simple example is derived from an economic law discovered by David Ricardo that has always fascinated me, called the Law of Comparative Advantage.

16. In 1662, William Petty said that "Land is mother of wealth; labor is father of wealth and passive factor". David Ricardo pointed out that land was the key to value theory.

17. There are two classical expositions about the economic utility of bonds: David Ricardo s "theorem of equal value" and Keynes view of bonds increasing general demands.

18. A western literature critic once said that " even David Ricardo (a British economist) had a unlikely clearer understanding about the function of money in daily life as Jane Austen had."

19. When developing countries turn to economists for advice on trade, they are usually pointed towards David Ricardo.