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Podcast: Transforming Society podcast
Episode: PODCAST: How economics left the real world behind
Description: Modern economics often credits Adam Smith as its cornerstone, but another key figure, David Ricardo, has shaped our world in ways we rarely examine. Ricardo, the wealthiest stock trader of his day, developed the theory of comparative advantage, a concept that helped justify globalisation but concealed deeper ties to power, empire and slavery.In this episode, Jess Miles speaks to Nat Dyer, author of Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray. They unpack Ricardo’s legacy, from his famous theory involving English cloth and Portuguese wine to its surprising connections to the...