David Ricardo

1. Тема: «David Ricardo»

Платыгина Даша,
215 группа

2.

Born
He was born on April 18, 1772 in
London. His family came from Slavic
immigrants, which brought him a unique
cultural experience. From an early age,
he showed interest in economics and
literature, which became the basis for his
future achievements.

3.

Studied
Education
He had no formal university education. However, his self-education and reading
the works of economists such as Adam Smith significantly influenced his views
and theories. He studied in a commercial environment, which also enriched his
understanding of economics.

4.

Influence
His training was supported by practical business experience. Being in the world of finance,
he was able to observe economic processes, which became the basis for his further
theoretical research. This combination of theory and practice has become a characteristic
feature of his work.

5.

Family
Children
Wife
He had eight children.
His wife`s name was Patricia.
Family values.
He was a caring father and husband, giving time to his family. He raised
children in the spirit of values, which was reflected in his works and
views on society.

6.

His work.
1
2
3
Main works
The main work is considered to be "Principles of Political Economy and Taxation."
Scientific contribution
His work laid the foundations for many economic theories.
Research methods
He introduced deep analysis and mathematical methods into economic research.

7.

Work
In 1830-1831 he was appointed High Sheriff of
Gloucestershire.
In 1832 he was elected Member of Parliament for Stroud.

8.

Heritage
1
2
3
Modern application
The works are used in modern economic research.
Relevance
His ideas about comparative advantages are used in the analysis of
international trade.
Influence
Negative criticism, however, confirms the importance of his theories
in economics.

9.

He substantiated the three main principles of
classical economic liberalism:
1
The gold standard of paper and money circulation.
2
Free-trading and non-interference in the demand
mechanism.
3
Offers on the wage labor market.

10.

Personal life
Married Catherine, daughter of
William Thomas St. Quintin of
Scampston Hall in Yorkshire.
After his father's death in 1823, David
Ricardo Jr. inherited his country house,
Gatcombe Park in Gloucestershire.

11.

Conclusion
He became a prominent figure in the
history of economics. His work has had a
long-term impact and continues to be
relevant for the study of modern economic
issues. We can learn from his approaches
to market analysis and understanding,
which highlights the importance of his
legacy.

12.

Спасибо за внимание!