According to his theory of distribution, he believed that national income would move from the capitalists to the landlords, leading to stagnation. He argued that inflation was caused by the increased lending of the Bank of England in his first published work. He defined the concept of rent and formulated the theory of comparative advantage, and as well as writing The High Price of Bullion, he argued against the tariffs imposed by the Corn Laws in an 1815 essay. For ten points, identify this English economist, author of On the Principles of Poli
According to his theory of distribution, he believed that national income would move from the capitalists to the landlords, leading to stagnation. He argued that inflation was caused by the increased lending of the Bank of England in his first published work. He defined the concept of rent and formulated the theory of comparative advantage, and as well as writing The High Price of Bullion, he argued against the tariffs imposed by the Corn Laws in an 1815 essay. For ten points, identify this English economist, author of On the Principles of Political Economy and Taxation and formulator of the Iron Law of Wages.
According to his theory of distribution, he believed that national income would move from the capitalists to the landlords, leading to stagnation.
David {Ricardo}