His distribution theory splits the community into three classes; the landlords, workers, and the owners of capital, and it can be found in his treatise Principles of Political Economy and Taxation.
In response to a wheat tariff, he wrote an Essay on the Influence of a Low Price of Corn on the Profits of Stock, and asserted a relationship between prices and bank note volume in The High Price of Bullion, a Proof of the Depreciation of Bank Notes. His distribution theory splits the community into three classes; the landlords, workers, and the owners of capital, and it can be found in his treatise Principles of Political Economy and Taxation. Developing the theory FTP, identify this 19th century British economist who developed the Iron Law of Wages.
In response to a wheat tariff, he wrote an Essay on the Influence of a Low Price of Corn on the Profits of Stock, and asserted a relationship between prices and bank note volume in The High Price of Bullion, a Proof of the Depreciation of Bank Notes.
David {Ricardo}