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What kind of science did David Ricardo and theory called the iron law of wages come to be called?
David Ricardo is associated with political economy and specifically known for his theory of comparative advantage in international trade. The "iron law of wages" is a concept that suggests that wages tend to gravitate towards the bare minimum required for subsistence as part of his larger economic theories.
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What kind of science did David Ricardo's theory of the iron law of wages come to be called?
DISMAL
What kind of science did David Richards Theory called the iron wages come to be called?
David Ricardo's theory of wages is part of the field of economics, specifically known as classical economics. His theory of iron law of wages posits that in the long run, wages tend to settle at the subsistence level necessary for the workers to survive.
What are some recommended quantum field theory books for beginners?
Some recommended quantum field theory books for beginners include "Quantum Field Theory for the Gifted Amateur" by Lancaster and Blundell, "Quantum Field Theory Demystified" by David McMahon, and "Quantum Field Theory in a Nutshell" by A. Zee.
Who discovered the gluon?
Gluons were first postulated in the early 1970s by physicists David Politzer, Frank Wilczek, and David Gross as part of the theory of quantum chromodynamics (QCD), which describes the strong nuclear force. They are particles that mediate the force between quarks.
Why did Frank Wilczek win The Nobel Prize in Physics in 2004?
Frank Wilczek won the Nobel Prize in Physics in 2004 for his work on the strong force, one of the four fundamental forces in nature. He, along with David Gross and David Politzer, were awarded the prize for discovering asymptotic freedom, which explains how quarks behave at close distances within atoms.
What kind of science did david ricardo's theory called the iron law wages come to be called?
DISMAL
What kind of science did David Ricardo's theory called the iron law of wages come the be called?
DISMAL
What kind of science did David Ricardo's theory of the iron law of wages come to be called?
DISMAL
David Ricardo's theory called the Iron Law of Wages came to be called?
David Ricardo's theory called the Iron Law of Wages came to be called the Theory of Efficiency of Wages. The Iron Law of Wages says that the worker is going to be paid the minimum wage needed to survive.
What kind of science did David Richards Theory called the iron wages come to be called?
David Ricardo's theory of wages is part of the field of economics, specifically known as classical economics. His theory of iron law of wages posits that in the long run, wages tend to settle at the subsistence level necessary for the workers to survive.
David ricardo developed his economic theory as a reaction to whos writing?
Adam smith
What did David Ricardo do?
David Ricardo called England home. He was born in 1772 and died in 1823. During his life he was a political economist for his homeland.
Who developed the law of comparative advantages?
David Ricardo first promoted the theory in his 1817 book On the Principles of Political Economy and Taxation.
David Ricardo developed his economic theory as a reaction to this mans writings?
Smith
The concept of 'no rent land ' is visualized by?
David Ricardo
Who had presented comparative advantage theory?
The theory of comparative advantage was presented by economist David Ricardo in the early 19th century. Ricardo argued that countries should specialize in producing goods and services in which they have a lower opportunity cost, and then trade with other countries to maximize overall production and consumption.
What kind of science did david ricardos theory called the iron?
David Ricardo's theory called the "iron law of wages" is a concept in classical economics that suggests that wages naturally tend to gravitate towards the level necessary to maintain a worker at subsistence. It implies that any attempts to raise wages above this level would be counterproductive as it would lead to an increase in population, resulting in more workers competing for the same job and ultimately driving wages back down to subsistence.
