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Ricardian

Ricardian

1 9.9
Relating to the economic ideas of David Ricardo or to people who support King Richard III
  • adjective
  • /rɪˈkɑrdɪən/
  • Specialized
: ricardiano
  • The Ricardian model illustrates how countries can benefit from trade by specializing in their comparative advantages.

Examples

  • But that is not what Mankiw does when he reaches his tentative conclusion in favor of the Ricardian model.

    Blog text (1)
  • The yellow regions on this map show very clearly who will "own the sun" in Ricardian terms.

    Blog text (10)
  • The Ricardian model is great for illustrating that countries as a whole can benefit from trade.

    Blog text (1)
  • This distinction represents a contrast between Ricardian and non-Ricardian policies.

    Academic text (2017)
  • When I teach international trade theory, my students find that the Ricardian model is the simplest and easiest-to-grasp illustration of the answer to one big question: can international trade leave both countries better off?

    Blog text (1)
  • This is one simple way of translating the basic Ricardian model (in which trade expands both trading partners' consumption opportunities) into a language that is a bit more familiar to the general public.

    Blog text (1)
  • In discussions of trade theory, the Ricardian perspective emphasizes the importance of resource allocation for optimal economic outcomes.

  • Supporters of the Ricardian approach argue that free trade leads to increased efficiency and overall welfare for nations.

Surface Forms

Ricardian positive

Morphology

Ricardian = Ricardo (opaque) = Ricard + ian

The root 'Ricard' refers to the economist David Ricardo, which is not a standalone English word. The suffix '-ian' denotes relating to or characteristic of.

Etymology

Ricardian comes from two personal names: the economist David Ricardo and the king Richard. So, the adjective Ricardian can mean 'connected to Ricardo's ideas about trade' or 'connected to supporters of Richard III'.