Maikling Talambuhay Ni David Ricardo At Ang Kanyang Konribusyon Sa Ekonomiks

Maikling talambuhay ni david ricardo at ang kanyang konribusyon sa ekonomiks

 

Answer:

Born in London, England, Ricardo was the third of 17 children of a Sephardic Jewish family of Portuguese origin who had recently relocated from the Dutch Republic.4 His father, Abraham Ricardo, was a successful stockbroker.4 He began working with his father at the age of 14. At age 21, Ricardo eloped with a Quaker, Priscilla Anne Wilkinson, and, against his fathers wishes, converted to the Unitarian faith.5 This religious difference resulted in estrangement from his family, and he was led to adopt a position of independence.6 His father disowned him and his mother apparently never spoke to him again.7

Following this estrangement he went into business for himself with the support of Lubbocks and Forster, an eminent banking house. He made the bulk of his fortune as a result of speculation on the outcome of the Battle of Waterloo. The Sunday Times reported in Ricardos obituary, published on 14 September 1823, that during the Battle of Waterloo Ricardo "netted upwards of a million sterling", a huge sum at the time. He immediately retired, his position on the floor no longer tenable, and subsequently purchased Gatcombe Park, an estate in Gloucestershire, now owned by Princess Anne, the Princess Royal and retired to the country. He was appointed High Sheriff of Gloucestershire for 1818–19.8

In August 1818 he bought Lord Portarlingtons seat in Parliament for £4,000, as part of the terms of a loan of £25,000. His record in Parliament was that of an earnest reformer. He held the seat until his death five years later.

Ricardo was a close friend of James Mill. Other notable friends included Jeremy Bentham and Thomas Malthus, with whom Ricardo had a considerable debate (in correspondence) over such things as the role of landowners in a society. He also was a member of Malthus Political Economy Club, and a member of the King of Clubs. He was one of the original members of The Geological Society.7 His youngest sister was author Sarah Ricardo-Porter (e.g., Conversations in Arithmetic

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