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David Ricardo
David Ricardo (18 April 1772 – 11 September 1823) was a British political economist, politician, and member of Parliament. He is recognized as one of the most influential classical economists, alongside figures such as Thomas Malthus, Adam Smith and James Mill. Ricardo was born in London as the third surviving child of a successful stockbroker and his wife. He came from a Sephardic Jewish family of Portuguese origin. At 21, he eloped with a Quaker and converted to Unitarianism, causing estrangement from his family. He made his fortune financing government borrowing and later retired to an estate in Gloucestershire. Ricardo served as High Sheriff of Gloucestershire and bought a seat in Parliament as an earnest reformer. He was friends with prominent figures like James Mill, Jeremy Bentham, and Thomas Malthus, engaging in debates over various topics. Ricardo was also a member of The Geological Society, and his youngest sister was an author. As MP for Portarlington, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comparative Advantage
Comparative advantage in an economic model is the advantage over others in producing a particular Goods (economics), good. A good can be produced at a lower relative opportunity cost or autarky price, i.e. at a lower relative marginal cost prior to trade. Comparative advantage describes the economic reality of the gains from trade for individuals, firms, or nations, which arise from differences in their factor endowments or technological progress. David Ricardo developed the classical theory of comparative advantage in 1817 to explain why countries engage in international trade even when one country's workers are more efficient at producing ''every'' single good than workers in other countries. He demonstrated that if two countries capable of producing two commodities engage in the free market (albeit with the assumption that the capital and labour do not move internationally), then each country will increase its overall consumption by exporting the good for which it has a comparat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Right Honourable
''The Right Honourable'' (abbreviation: The Rt Hon. or variations) is an honorific Style (form of address), style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire, and the Commonwealth of Nations. The term is predominantly used today as a style associated with the holding of certain senior public offices in the United Kingdom, Canada, New Zealand, and, to a lesser extent, Australia. ''Right'' in this context is an adverb meaning 'very' or 'fully'. Grammatically, ''The Right Honourable'' is an adjectival phrase which gives information about a person. As such, it is not considered correct to apply it in direct address, nor to use it on its own as a title in place of a name; but rather it is used in the Grammatical person, third person along with a name or noun to be modified. ''Right'' may be abbreviated to ''Rt'', and ''Honourable'' to ''Hon.'', or both. ''The'' is sometimes dropped in written abbreviated form, but is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ricardian Socialism
Ricardian socialism is a branch of classical economic thought based upon the work of the economist David Ricardo (1772–1823). Despite Ricardo being a capitalist economist, the term is used to describe economists in the 1820s and 1830s who developed a theory of capitalist exploitation from the theory developed by Ricardo that stated that labor is the source of all wealth and exchange value. This principle extends back to the principles of English philosopher John Locke. The Ricardian socialists reasoned that labor is entitled to all it produces, and that rent, profit and interest were not natural outgrowths of the free market process but were instead distortions. They argued that private ownership of the means of production should be supplanted by cooperatives owned by associations of workers. This designation is used in reference to economists in the early 19th century that elaborated a theory of capitalist exploitation from the classical economic proposition derived from A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Trade
Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold Economic liberalism, economically liberal positions, while economic nationalist political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. States can unilaterally reduce regulations and duties on imports and exports, as well as form bilateral and multilateral free trade agreements. Free trade areas between groups of countries, such as the European Economic Area and the Mercosur open markets, establish a free trade zone among members while creating a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are intended to support local employment, such as applying tariffs to imports or Subsidy, subsidies to exports. Governments may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Geological Society
The Geological Society of London, known commonly as the Geological Society, is a learned society based in the United Kingdom. It is the oldest national geological society in the world and the largest in Europe, with more than 12,000 Fellows. Fellows are entitled to the postnominal FGS (Fellow of the Geological Society), over 2,000 of whom are Chartered Geologists (CGeol). The Society is a registered charity, no. 210161. It is also a member of the Science Council, and is licensed to award Chartered Scientist to qualifying members. The mission of the society is: "Making geologists acquainted with each other, stimulating their zeal, inducing them to adopt one nomenclature, facilitating the communication of new facts and ascertaining what is known in their science and what remains to be discovered". History The Society was founded on 13 November 1807 at the Freemasons' Tavern, Great Queen Street, in the Covent Garden district of London. It was partly the outcome of a previous c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Sheriff Of Gloucestershire
This is a list of Sheriffs and High Sheriffs of Gloucestershire, who should not be confused with the Sheriffs of the City of Gloucester. The High Sheriff is the oldest secular office under the Crown (in England and Wales the office previously known as sheriff was retitled High Sheriff on 1 April 1974). Formerly the Sheriff was the principal law enforcement officer in the county but over the centuries most of the responsibilities associated with the post have been transferred elsewhere or are now defunct, so that the High Sheriff's functions are now largely ceremonial. The High Sheriff changes every March. As of 2006, the Sheriff's territory or bailiwick is covered by the administrative areas of Gloucestershire County Council and of South Gloucestershire District Council. Sir Robert Atkyns, the historian of Gloucester, writing in 1712 stated that no family had produced more Sheriffs of this county than Denys. Sheriffs 11th and 12th centuries *1071–c. 1082: Roger de Pitres ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gloucestershire
Gloucestershire ( , ; abbreviated Glos.) is a Ceremonial counties of England, ceremonial county in South West England. It is bordered by Herefordshire to the north-west, Worcestershire to the north, Warwickshire to the north-east, Oxfordshire to the east, Wiltshire to the south, Bristol and Somerset to the south-west, and the Wales, Welsh county of Monmouthshire to the west. The city of Gloucester is the largest settlement and the county town. The county is predominantly rural, with an area of and a population of 916,212. After Gloucester (118,555) the largest distinct settlements are Cheltenham (115,940), Stroud (26,080), and Yate (28,350). In the south of the county, the areas around Filton and Kingswood, South Gloucestershire, Kingswood are densely populated and part of Bristol Built-up Area, Bristol built-up area. For Local government in England, local government purposes Gloucestershire comprises a non-metropolitan county, with six districts, and the Unitary authorities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unitarianism
Unitarianism () is a Nontrinitarianism, nontrinitarian sect of Christianity. Unitarian Christians affirm the wikt:unitary, unitary God in Christianity, nature of God as the singular and unique Creator deity, creator of the universe, believe that Jesus Christ was Divine inspiration, inspired by God in his moral teachings and that he is the Redeemer (Christianity), savior of mankind,. but he is not equal to God himself. Accordingly, Unitarians reject the Ecumenical Councils and ecumenical creeds, and sit outside traditional, mainstream Christianity. Unitarianism was established in order to restore "Restorationism, primitive Christianity before later corruptions set in". Likewise, Unitarian Christians generally reject the doctrine of original sin. The churchmanship of Unitarianism may include Liberal Christianity, liberal Christian denominations, denominations or Unitarian Christian denominations that are more Conservatism, conservative, with the latter being known as Biblical unit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quaker
Quakers are people who belong to the Religious Society of Friends, a historically Protestant Christian set of denominations. Members refer to each other as Friends after in the Bible, and originally, others referred to them as Quakers because the founder of the movement, George Fox, told a judge to "quake before the authority of God". The Friends are generally united by a belief in each human's ability to be guided by the inward light to "make the witness of God" known to everyone. Quakers have traditionally professed a priesthood of all believers inspired by the First Epistle of Peter. They include those with evangelical, holiness, liberal, and traditional Quaker understandings of Christianity, as well as Nontheist Quakers. To differing extents, the Friends avoid creeds and hierarchical structures. In 2017, there were an estimated 377,557 adult Quakers, 49% of them in Africa followed by 22% in North America. Some 89% of Quakers worldwide belong to ''evangelical'' a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sephardic Jews
Sephardic Jews, also known as Sephardi Jews or Sephardim, and rarely as Iberian Peninsular Jews, are a Jewish diaspora population associated with the historic Jewish communities of the Iberian Peninsula (Spain and Portugal) and their descendants. The term "Sephardic" comes from '' Sepharad'', the Hebrew word for Iberia. These communities flourished for centuries in Iberia until they were expelled in the late 15th century. Over time, "Sephardic" has also come to refer more broadly to Jews, particularly in the Middle East and North Africa, who adopted Sephardic religious customs and legal traditions, often due to the influence of exiles. In some cases, Ashkenazi Jews who settled in Sephardic communities and adopted their liturgy are also included under this term. Today, Sephardic Jews form a major component of world Jewry, with the largest population living in Israel. The earliest documented Jewish presence in the Iberian Peninsula dates to the Roman period, beginning in the fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale University Press
Yale University Press is the university press of Yale University. It was founded in 1908 by George Parmly Day and Clarence Day, grandsons of Benjamin Day, and became a department of Yale University in 1961, but it remains financially and operationally autonomous. , Yale University Press publishes approximately 300 new hardcover A hardcover, hard cover, or hardback (also known as hardbound, and sometimes as casebound (At p. 247.)) book is one bookbinding, bound with rigid protective covers (typically of binder's board or heavy paperboard covered with buckram or other clo ... and 150 new paperback books annually and has a backlist of about 5,000 books in print. Its books have won five National Book Awards, two National Book Critics Circle Awards and eight Pulitzer Prizes. The press maintains offices in New Haven, Connecticut and London, England. Yale is the only American university press with a full-scale publishing operation in Europe. It was a co-founder of the dist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Mill
James Mill (born James Milne; 6 April 1773 – 23 June 1836) was a Scottish historian, economist, political theorist and philosopher. He is counted among the founders of the Ricardian school of economics. He also wrote '' The History of British India (1817)'' and was one of the prominent historians to take a colonial approach. He was the first writer to divide Indian history into three parts: Hindu, Muslim and British, a classification which has proved surpassingly influential in the field of Indian historical studies. Mill was the father of John Stuart Mill, a noted philosopher of liberalism and utilitarianism, and a colonial administrator at the East India Company. Biography James Milne, later known as James Mill, was born in Northwater Bridge, in the parish of Logie Pert, Angus, Scotland, the son of James Milne, a shoemaker and small farmer. His mother, Isabel Fenton, of a family that had suffered from connection with the Stuart rising, resolved that he should receive a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
