Definitions

1. adjective

Relating to the economic theory of Jean-Baptiste Say and Frédéric Bastiat, which emphasizes the importance of economic liberty and free trade.

“The Ricardian school of economics had a significant impact on the development of classical economics.”

2. noun

A supporter of the economic theory of David Ricardo, especially in the context of classical economics.

“The Ricardian economists argued that the benefits of free trade outweighed the costs of job losses in specific industries.”