Word: ricardo
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Dates: during 1880-1889
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...different are these two qualifications that few men possess them, and for that reason we have few men who are really great in this science. Adam Smith, a man by training and profession devoted to the study of abstract and metaphysical subjects, has given us thoroughly practical results, while Ricardo, a successful business man, deals almost entirely with the abstractions of the science. The writer speaks very highly of Cairnes, the latest of the great writers on this subject. "Mr. Cairnes," he says, "was an economic tight-rope walker; he could go with a cool head through airy spaces, where...
...evening. The lecture consisted of an examination of the common criticisms against the established system of tenure of land, and was mainly a refutation of the theories of Messrs. H. C. Carey, Bastrat and Bouillet. The trouble with Mr. Carey, Gen. Walker said, was that in attempting to refute Ricardo's law, he confused this law with the law of populations; his criticisms were, in fact, "rank with inexact science and unhistoric history." Respecting the law laid down by Carey that poor and high land is universally settled and cultivated first, Gen. Walker said this if true could readily...