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Overseas Trade

(2,539 words)

Author(s): Peach, Terry
The idea of free trade, in particular free overseas trade, was significantly championed by the British economist and stockbroker David Ricardo (1772–1823) in the early 19th century. Ricardo is considered the founder of the doctrine of comparative advantage, which shaped foreign trade theory. He enhanced the field of economics, which had previously remained rather descriptive, with new, more analytically-oriented approaches in his major work  Principles of Political Economy and Taxation (1817). Ricardo owed his understanding of practical as well as theoretical e…
Date: 2021-07-13

Überseehandel

(2,280 words)

Author(s): Peach, Terry
Die Idee des Freihandels, vor allem eines freien Überseehandels, wurde Anfang des 19. Jahrhunderts wesentlich von dem britischen Ökonomen und Börsenmakler David Ricardo (1772–1823) verfochten. Ricardo gilt als Begründer der Lehre vom komparativen Kostenvorteil, der die Außenhandelstheorie prägte. Die bis dahin eher deskriptiv gehaltenen Wirtschaftswissenschaften bereicherte er mit seinem Hauptwerk Principles of Political Economy and Taxation (1817) um neue, stärker analytisch orientierte Zugänge. Ricardos Verständnis praktischer wie theoretischer Ök…