This economist argued that government fiscal policy should not influence consumer spending in his namesake equivalence theory.
This economist argued that government fiscal policy should not influence consumer spending in his namesake equivalence theory. He argued for the use of metal as currency in The High Price of Bullion, and asserted that high commodity prices increase rent. This opponent of the Corn Laws used a work by Thomas Malthus to propose that wages paid by employers in the long run would equal the minimum wage needed for survival. He described his theories in Principles of Political Economy and Taxation. For 10 points, name this British economist who proposed comparative advantage.
This economist argued that government fiscal policy should not influence consumer spending in his namesake equivalence theory.
David {Ricardo}