LYCOS RETRIEVER 
Adam Smith: David Hume
built 641 days ago
[One] Englishman influenced by Smith was David Ricardo (1772-1823). Smith had focused on benefits to society as a whole, without favor to people of different economic classes. Ricardo expanded on the benefits of free trade. If Portugal was more efficient producing wine than England and England more efficient in producing cloth, it was in the interest of both if they traded rather than Portugal throwing up a barrier against English cloth for the sake of its own cloth industry and Britain throwing up a barrier for the sake of its own wine industry. This has been called the theory of comparative advantage, which Ricardo wrote about in his 1817 book The Principles of Political Economy and Taxation.
Source:
In the following essay, Macfie places Smith and several other economists, including Francis Hutcheson, David Hume, and James and John Stuart Mill, within the historical context of the Scottish tradition in economic thought. Macfie emphasizes that their approach was sociological rather than analytical and that their methods were strongly influenced by the philosophy of Stoicism and the doctrine of natural law.
Source:
As had David Ricardo, Marx added class conflict to Adam Smith's world of economics. And he disagreed with John Stuart Mill about production and distribution, seeing a connection between how goods were distributed and how production was organized.
Source:
MORE ABOUT
David Hume