David Ricardo

makes primitive hunters and fishermen consult the annuity tables of the 1817 London Exchange.

Recast in definition form from: “On this occasion he commits the anachronism of making the primitive fisherman and primitive hunter consult the annuity tables in current use on the London Exchange in the year 1817 in the calculation relating to their instruments.”

declared gold drains would cease once cash payments resumed, and died just in time, on the eve of the crisis of 1825 that belied him.

Recast in definition form from: “Ricardo so utterly failed to comprehend the rôle of precious metals as an international means of payment, that in his testimony before the Committee of the House of Lords in 1819 he could say “that drains for exportation would cease altogether so soon as cash payments should be resumed, and the currency be restored to its metallic level.”

is reproached for ignoring 'human beings' and caring only for the productive forces — which is precisely his significant contribution.

Recast in definition form from: “… forces when considering capitalist production - whatever sacrifices of human …”

who proclaimed paper the most perfect money ended up the prophet of the bullionists, granting gold an influence even the mercantilists never dreamt of.

Recast in definition form from: “Thus did Ricardo, who proclaimed paper currency as the most perfect form of money, become the prophet of the bullionists.”

David Ricardo, n.Definitions

David Ricardo