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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.

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What kind of science did David Ricardo's theory of the iron law of wages come to be called?

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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.


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.