To a small saucepan on medium heat, add ⅓ cup olive oil. Once hot, add the sliced shallots and fry for 2-3 minutes or until golden brown. Remove with a slotted spoon and drain on a paper towel.
Off the heat, stir in the olives, chopped figs, chili flakes, orange zest, and thyme leaves. Season with salt to taste. Once cool, stir in the vinegar.
To a food processor, add the ricotta. Blend for 2 minutes, scraping down the sides occasionally until smooth. Then add the remaining 1 tbsp of olive oil, honey, and salt to taste. Blend until smooth.
Spread the ricotta to form a circular base on a serving dish. Top with the olive mixture. Garnish with the fried shallots and the chopped pistachios.
Serve with sliced baguette and pita chips for dipping and scooping.