The labor theory of value figured prominently in the work of such thinkers as Smith, David Ricardo, Thomas Malthus, John Stuart Mill and Karl Marx. The labor theory of value was largely abandoned ...

But by the end of the 19th century, the industrial social-economic order that tariffs helped foster were quite different from ...

higher-value technological production. The theory behind the benefits of free trade goes back to nineteenth-century economist David Ricardo, whose theory of comparative advantage still dominates ...

Combined with David Ricardo (1772-1823), another influential British economist who expounded on the benefits of free trade with his theory of comparative ... shielding domestic labor from ...

higher-value technological production. The theory behind the benefits of free trade goes back to nineteenth-century economist David Ricardo, whose theory of comparative advantage still dominates ...

The Ricardian school of thought, a foundational school within classical economics, is primarily known for its emphasis on comparative advantage and the labour theory of value. This school, heavily ...

According to thinkers such as Carl Menger and Ludwig von Mises, interest is the outcome of the fact that individuals assign a greater importance to present goods versus identical goods in the future.

Messrs. Pooley and Gilder remind us that the book’s themes remain fresh.

The federal election result in the seat of Bean remains on a knife edge between Labor's David Smith and independent Jessie Price. As the counting continues, both major parties are reflecting on ...