David Ricardo

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American History


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Theresa C


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August 25, 2014







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2 / 447


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Ricardo was a close friend of James Mill, who encouraged him in his political ambitions and writings about economics. Other notable friends included Jeremy Bentham and Thomas Malthus, with whom Ricardo had a considerable debate (in correspondence) over such things as the role of land owners in a society...
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No law can be laid down respecting quantity, but a tolerably correct one can be laid down respecting proportions. Every day I am more satisfied that the former enquiry is vain and delusive, and the latter the only true object of the science." David Ricardo [2] It was only after the persistent urging of the eager friend, James Mill, that Ricardo actually decided to write down his own ideas about economics...
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