Jemal Kharitonashvili


Reviewing the modern economy, it is necessary to analyze and take into consideration the views of the earlier thinkers, whose works and theories are used by a number of theorists of subsequent generations. Today, the wise thoughts of the earlier prominent economists, the classics are represented in a new force as a leading light. A famous English economist David Ricardo has a prominent place among the greatest economists of all times. Until recently we did not pay great attention to his ideas, but his name is emphasized in the history of economic thought. According to modern American economists C.R. McConnell and S.L. Brue, the five biggest economists of the world are Adam Smith, David Ricardo, John Stuart Mill, Karl Marx, John Mainard Keynes.


theoretical legacy; prominent economists; protectionism; liberalism; cost/value; relative advantage

Full Text:



Anikin, A. V. (1989). Young Science. Moscow, Tbilisi [in Georgian].

Daniels, J., Rodebouge, L. H., & Suliven, D. P. (2013). International Business: & Operations. Fourteenth edition. Boston, New York, San Francisco, Amsterdam, Dubai, London, Madrid, Milan, Munich, Paris, Toronto, Deli, Mexico, Sao Paulo, Sidney, Hong-Kong, Seoul, Singapore, Taiwan, Tokio.

Hant, E. K., & Lautzenheiser, M. (2011). History of Economic Thought. Critical Prospects. Third Edition. M. N. Sharpe. Armonk, Ney York, London, England.

Kharitonashvili, J. (1997). Retrospective review of economic theories and modern problems. P. II, Tbilisi [in Georgian].

Kharitonashvili, J. (2011). Strategic course – Industrialization. Materials of the International Scientific and Practical Conference. Batumi [in. Georgian].

Kharitonashvili, J. (1985). History of Economic Thought (Classical political Economic) [in Georgian].

Kharitonashvili, J. (1997). Retrospective review of economic theories and modern problems. P. I, Tbilisi [in Georgian].

Kharitonashvili, J. (2002). Evoliatsia teorii sravnitelnyih izderzhek proizvodstva. Zhurn. «Kavkazovedenie», Moscow [in Russian].

Mankiw, Gr. (2008). Principles of Economics. Tbilisi, p.9 [in Georgian].

Marx, K. (1989). Capital, Issues III, Part I. Tbilisi [in Georgian].

McConnell, C. R., & Brue, S. L. (2000). Economics, Part I. [in Georgian].

Ricardo, D. Principles of political Economy and Taxation [in Georgian].

Silagadze, A. (2010). Economic Doctrines, Tbilisi [in Georgian].

Todua, G. (1996). The Universal Law of Sustainable Economics and Comparative Advantage. Economics, N 12 [in Georgian].

Todua, G. (2009). History of Economic Thought Part I, Tbilisi [in Georgian].


  • There are currently no refbacks.

Copyright (c) 2017 Jemal Kharitonashvili

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

ISSN (Print) : 2449-7320

ISSN (Online) : 2449-8726