1. The Life of David Ricardo
David Ricardo (1772 - 1823) Ricardo was born into a prosperous family in London in 1772. He went to work at age 14 at his father's investment business, but by the time he ... the payment of high rents to the landlords. The industrialist soon broke the power of the landed aristocracy and slowly began replacing them as the dominant class in British society. David Ricardo's ideas that advanced economic thought were one the "Iron Law of Wages". He reasoned that, because of the working class's unchecked rate of production, labour's natural wages would always ... ...
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- Approx Pages: 3
- Grade Level: Undergraduate