David Ricardo—The Comparative Advantage

When prices skyrocket, everyone suffers—but does someone benefit? In this episode of Economic Game Changers, you’ll meet David Ricardo, a stockbroker-turned-economist who responded to a costly grain crisis in Great Britain. While the wealthy landowners benefited, Ricardo countered with a shocking idea: allow competition. Perfect for middle and high schoolers, this episode explores Ricardo’s theory of comparative advantage: a way for smart trade decisions to lower costs and improve economic outcomes for everyone.