But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed. – David Ricardo http://ift.tt/29XpzQr
Tag » David Ricardo
When discussing National Capitalism it is also important to elaborate on what stance should be adapted in terms of foreign trade. For the classic Liberal, who adheres to the teachings of Adam Smith and David Ricardo, Protectionism is a hindrance to prosperity. 502 kata lagi
In this episode we talk about the men who invented economics; Say, Malthus, Ricardo and last but not least, Adam Smith.
When 19th century economist David Ricardo thesis is globalized: Shit hits the fan
What this David Ricardo wrote?
“Any good or service will be produced where the cost is the lowest… 388 kata lagi