Like many other economists, Ricardo

Like many other economists, Ricardo was Jewish and came from a family of Sephardim, who settled in England after the expulsion from Spain. He had wealthy parents, but when he got married to illustrate, they are deprived of his inheritance. Ricardo had to earn a living, and I must say that it is this very succeeded. He made a career at the Bank, and was elected to Parliament, but neither one nor the other has not satisfied his intellectual queries. As a result, Ricardo developed the concept of international trade.Before Ricardo it was thought that you want to export as much as possible, and to import as little as possible. Therefore, international commerce developed very slowly. Ricardo proved that if every country specializes in something else, on any one product, then everyone wins.Moreover, the country will be richer if you decide to make one type of item, and the rest imported, even though it is generally produces goods more efficiently than its trading partners. This explains why, in particular, the banker will not repair your car, even if the machines he understands better than any mechanic: because the time it took to fix the car, he could more profitably use, working as a banker.

Like many other economists, Ricardo was Jewish and came from a family of Sephardim, who settled in England after the expulsion from Spain. He had wealthy parents, but when he got married to illustrate, they are deprived of his inheritance. Ricardo had to earn a living, and I must say that it is this very succeeded. He made ​​a career at the Bank, and was elected to Parliament, but neither one nor the other has not satisfied his intellectual queries. A result As, Ricardo developed the concept of international trade. Before it was Ricardo thought that you want to export as much as possible, and to import as little as possible. Therefore, international commerce developed very slowly. Ricardo proved that if every country specializes in something else, on any one product, then everyone wins. Moreover, the country will be richer if you decide to make one type of item, and the rest imported, even though it is generally produces goods more efficiently than its trading partners. This explains why, in particular, the banker will not repair your car, even if the machines he understands better than any mechanic: because the time it took to fix the car, he could more profitably use, working as a banker.

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