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2013 | OriginalPaper | Chapter
International Trade
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As we saw in chapter 3, for Ricardo the most important economic variable was the rate of profit, on which the accumulation of capital and the growth of output depended. Anything that maintained or increased the rate of profit was to be encouraged; anything that dragged it down had to be opposed. His writings on international trade are dominated by this one problem. Once again he reveals himself to be above all a practical economist.