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The basic ideas of David Ricardo, the philosopher were that an underclass would always be poor, and as population grow, wages would always fall.
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∙ 9y ago
David Ricardo was an economist, not a philosopher. His key ideas included the theory of comparative advantage, which argues that countries benefit from specializing in producing goods they are best at, and the labor theory of value, which suggests that the value of a good is determined by the amount of labor required to produce it. Ricardo also contributed to the development of classical economics with his concept of diminishing returns.
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