Ricardo

David Ricardo was a classical economist who explained how countries benefit from trading goods they produce efficiently, a concept called comparative advantage. He argued that by specializing in certain products and trading, countries can consume more than they would alone. For example, if one country is better at producing wine and another at producing cloth, both benefit by trading rather than making everything themselves. Ricardo’s ideas helped shape modern international trade theory, emphasizing the importance of specialization and the economic gains from global commerce.