DAVID RICARDO

A ten minute guide to the labour theory of value developed by the early 19th century English economist David Ricardo. It is produced as part of a brief introduction to the subject of Political Economy and a guide to the main intellectual trends of the 19th century. which is part of the History and Context of Journalism Course at the University of Winchester in the UK.

Category:

News & Politics

Tags:

• David
• Ricardo
• Economics
• Political
• Economy
• philosophy
• labour
• theory
• of
• value

[clownisred]

@NearAbbeyRoad

Smith was Scottish. They're both British.

[Alexia8574]

Response to @United Pebbles not only British but interestingly Jewish too.

[NearAbbeyRoad]

@UnitedPebbles

Again..............."Ricardo, along with Adam Smith, were English."

[UnitedPebbles]

@NearAbbeyRoad More lies, everyone!! I got to remind everyone that these geezers are well fluent in foreign languages, have mastered Latin in their childhood education! So it is common to see they claimed other nations as their nationality. Yes, Abbey they learned their Latin in preschool age.....just looked and analyze their policies!!

[seppsters]

@UnitedPebbles

"I got to remind everyone this guy is Spaniard. So he could be a propagandist subject of the Spanish royal"

He was a british economist of jewish portuguese descent. Thank you for demonstrating again how irrationally paranoid americans can become.

[NearAbbeyRoad]

The free market works when not monopolized or rigged, which it is. Hence world-wide crashes because LAND & LABOUR are rigged and monopolized.

[NearAbbeyRoad]

@UnitedPebbles

Ricardo, along with Adam Smith, were English.

[NearAbbeyRoad]

@ronwandell

The desirability of a Ford say over a Chevy car is down to the marketing. The Ford may sell for more because the public believe via marketing, the style of the body (marketing research), glamour, etc, the Ford is more desirable than a Chevy. This costs and is put into the cost of the car.

A BMW has a large amount of marketing and advertising put into its cars to make them desirable. This is run into the cost of the car. A BMW is less reliable than a Hyundai but they want BMWs

[UnitedPebbles]

I got to remind everyone this guy is Spaniard. So he could be a propagandist subject of the Spanish royal and of her empire at the period.

He wanted people to believe less in gold, so Spain can buy more to offset their over spending and conquests. He is a belief in the sole value of human labor, same with the Vatican. He argue for tax as an excuse of a behemoth administration Spain have at the time.

Same with Smith, who is afraid of his king and other lords, carefully veered away from Shay.

[UnitedPebbles]

Did it left out the market system of supply and demand?