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But while Ricardo, the economist, walked like a god (although he was a modest and retiring person), Malthus was relegated to a lower status.
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Chapter IV, Parson Malthus and David Ricardo, p. 77

 

Robert Heilbroner

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Adam Smith and Malthus and Ricardo! There is something about these three figures to evoke more then ordinary sentiments from us their children in the spirit.

 

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There is always more goodness in the world than there appears to be, because goodness is of its very nature modest and retiring.

 

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That holy, humble, meek, modest, retiring Form, sometimes called the Spirit of Prayer, has been dragged from the closet, and so rudely handled by some of her professed friends, that she has not only lost all her wonted loveliness, but is now stalking the street, in some places, stark mad.

 

Asahel Nettleton

 

Ricardo’s theory is absolutely right—within its narrow confines. His theory correctly says that, accepting their current levels of technology as given, it is better for countries to specialize in things that they are relatively better at. One cannot argue with that.
His theory fails when a country wants to acquire more advanced technologies so that it can do more difficult things that few others can do—that is, when it wants to develop its economy. It takes time and experience to absorb new technologies, so technologically backward producers need a period of protection from international competition during this period of learning. Such protection is costly, because the country is giving up the chance to import better and cheaper products. However, it is a price that has to be paid if it wants to develop advanced industries. Ricardo’s theory is, thus seen, for those who accept the status quo but not for those who want to change it.

 

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The most modest and retiring dragon in the world, if he's as big as four cart-horses and covered with blue scales, cannot keep altogether out of the public view. And so in the village tavern of nights the fact that a real live dragon sat brooding in the cave on the Downs was naturally a subject for talk.

 

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