David Ricardo was a prominent British economist and politician in the late 18th and early 19th centuries. He is best known for his contributions to classical economics, particularly his theories on value, rent, and labor. Ricardo’s ideas helped shape economic thought during the Industrial Revolution, influencing both policy and academic discourse. His most famous work, "On the Principles of Political Economy and Taxation," laid out his theories on the distribution of income among landowners, workers, and capitalists. Ricardo argued that rent is a surplus generated from land and that wages tend toward a natural level dictated by subsistence needs. His concept of comparative advantage also explained how nations benefit from specializing in certain industries and trading. Ricardo's insights remain foundational in economics, shaping modern labor and trade theories. His analytical approach and emphasis on free markets and limited government intervention continue to influence economic policy debates. His work provided a systematic framework that contributed to the development of economic science. David Ricardo was a British economist born in 1772. He started his career in finance and later became a Member of Parliament. Ricardo is renowned for his pioneering ideas in political economy and his comprehensive analysis of economic systems. His writings and theories have had a lasting impact, earning him a place among the most influential economists in history. Throughout his life, Ricardo focused on developing mathematical and logical models to explain economic phenomena. His perspective emphasized the importance of free trade and competitive markets for economic growth and efficiency. Ricardo's legacy endures through his foundational contributions to economic theory and his role in advancing the understanding of how economies function.