April 19 marks the 228th birthday of David Ricardo. It's been two centuries since he graced the world with his theory of Comparative Advantage. Unfortunately, it's still relatively obscure, even among the educated.
If Adam Smith is the Charles Darwin of economics, then Ricardo is the equivalent of Gregor Mendel. That leaves Karl Marx to play the part of Trofim Lysenko.
Monday, April 19, 2010
Happy Birthday David Ricardo
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