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Study sets matching "david ricardo"

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Study sets matching "david ricardo"

19 terms
David Ricardo
Él no era académico como Smith
Libro
Él le cambió el nombre al egoísmo del…
Economía política
Era empresario
"Principios de economía política y tributación"
Le puso homo oeconomicus
La economía influye en la política. Aunque en ese tiempo los…
Él no era académico como Smith
Era empresario
Libro
"Principios de economía política y tributación"
41 terms
David Ricardo
Jeremy Bentham
Jean-Baptiste Say
Utilitarianism
Government
British theorist and philosopher known for his work, Principl…
A French economist that lived during the 19th century. Popula…
A theory associated with Jeremy Bentham that is based upon th…
Bentham argued that __________ needed to set incentives leadi…
Jeremy Bentham
British theorist and philosopher known for his work, Principl…
Jean-Baptiste Say
A French economist that lived during the 19th century. Popula…
10 terms
David Ricardo
Background
Workers, capitalists, landlords
Sheep, dogs, pigs
The Escalator/Elevator
Falls close to Malthus & friends. Concerned w/who gets what i…
3 things he viewed economy. Shaped (-) views of marketplace v…
George Orwells book, "Animal Farm" ... Sheep: workers: work all…
Smith says that capitalism is an escalator. As economy improv…
Background
Falls close to Malthus & friends. Concerned w/who gets what i…
Workers, capitalists, landlords
3 things he viewed economy. Shaped (-) views of marketplace v…
24 terms
David Ricardo
David Ricardo
David Ricardo
David Ricardo
David Ricardo
(1772-1823)
Asks: Who gets what in a market economy? Distribution of goods
Dutch/Jewish ancestry; grew up in Britain during the heyday o…
Questioned the economic models of Adam Smith and the ability…
David Ricardo
(1772-1823)
David Ricardo
Asks: Who gets what in a market economy? Distribution of goods
18 terms
David RIcardo
workers, capitalists, and landlords
Corn Laws
What concept does Ricardo put down tha…
What are the three groups in Society t…
Ricardo was Dutch, born in England, and part Jewish. He looke…
Great Britain passed these to protect the landlords. They put…
Comparative advantage
Landowners... Capitalists... Workers
workers, capitalists, and landlords
Ricardo was Dutch, born in England, and part Jewish. He looke…
Corn Laws
Great Britain passed these to protect the landlords. They put…
21 terms
David Ricardo
What were Ricardo's main contributions?
Explain the theory of rent
What are his two assumptions?
What is net produced and how is it det…
Theory of rent... Labor theory of value... Comparative advantage
When land is abundant and we are cultivating the best land, t…
1. Lands differ in fertility and you can organize land from l…
Net produced = total produced - wages = rent + profits
What were Ricardo's main contributions?
Theory of rent... Labor theory of value... Comparative advantage
Explain the theory of rent
When land is abundant and we are cultivating the best land, t…
12 terms
David Ricardo
David Ricardo (1772-1823)
workers, capitalists, landlords
Capitalists
landlords
Also questioned Smith's... · Looked at how market economy distr…
diff categories of industrial world; Reduced world into 3 gro…
plant managers, make sure company makes profit They reinvest…
essentially skim off top regardless of how economy is doing…
David Ricardo (1772-1823)
Also questioned Smith's... · Looked at how market economy distr…
workers, capitalists, landlords
diff categories of industrial world; Reduced world into 3 gro…
42 terms
David Ricardo
Brief background on him?
What sort of reasoning did Reicardo use?
What concept does he put down that cha…
What is Ricardian Vice?
He was a good friend of Malthus, he grew up on lumbar street…
He used deductive reasoning without referring to fats or inst…
Comparative advantage
He avoided details, he focused on few variables and relyed up…
Brief background on him?
He was a good friend of Malthus, he grew up on lumbar street…
What sort of reasoning did Reicardo use?
He used deductive reasoning without referring to fats or inst…
8 terms
David Ricardo
What are the three contributions of Da…
Explain theory of rent
When do profits decrease?
What happens to wages in the long run?
Theory of rent... Labor theory of value... Labor theory of Comparat…
When rent is abundant, and it is all fertile, it is free.... As…
As we bring in less fertile land and the wage rates remain th…
Both the natural price of labor and nominal wages rise becaus…
What are the three contributions of Da…
Theory of rent... Labor theory of value... Labor theory of Comparat…
Explain theory of rent
When rent is abundant, and it is all fertile, it is free.... As…
40 terms
David Ricardo Questions
Explain the theory of rent
When do profits decrease
What is profit eqn?
Explain why rent is not directly respo…
- land differs in fertility on a spectrum... - rent arises out o…
- as less fertile land is cultivated, the rent in earlier plo…
net produce - rent
because increase in cost of corn and wage rate does
Explain the theory of rent
- land differs in fertility on a spectrum... - rent arises out o…
When do profits decrease
- as less fertile land is cultivated, the rent in earlier plo…
18 terms
SFQT ~ Economics: David Ricardo
workers, capitalists, and landlords
Corn Laws
What concept does Ricardo put down tha…
What are the three groups in Society t…
Ricardo was Dutch, born in England, and part Jewish. He looke…
Great Britain passed these to protect the landlords. They put…
Comparative advantage
Landowners... Capitalists... Workers
workers, capitalists, and landlords
Ricardo was Dutch, born in England, and part Jewish. He looke…
Corn Laws
Great Britain passed these to protect the landlords. They put…
8 terms
David Ricardo Study Questions
1) Explain the theory of rent
2) When do profits decrease?
3) What is the economic basis for the…
4) Explain why rent is not directly re…
According to Ricardo rent "is that portion of the produce of…
As population increases there will be an increased demand for…
Both the natural price of labor and nominal wages rise becaus…
It is not entirely the increase in rent, the price of corn in…
1) Explain the theory of rent
According to Ricardo rent "is that portion of the produce of…
2) When do profits decrease?
As population increases there will be an increased demand for…
8 terms
David Ricardo Questions
Explain the theory of rent
When do profits decrease?
What is the economic basis for the con…
Explain why rent is not directly respo…
• (Rents are paid for landlords for the use of soil)... • Land h…
• Competition (up) - capitalists bid up the rent on the highe…
• Struggle between capitalists and landlords for the surplus…
• Competition equalizes profits between all... • Population grow…
Explain the theory of rent
• (Rents are paid for landlords for the use of soil)... • Land h…
When do profits decrease?
• Competition (up) - capitalists bid up the rent on the highe…
12 terms
David Ricardo's The Principles of Political Economy and Taxation
Law of Supply and Demand
Agricultural Labors
Capitalists
Capitalists
Would lead to undesirable results in agricultural societies... I…
Provide labor in exchange for wages
Own capital and earn profits... Accumulate profits so they can r…
Find themselves in double jeopardy... Would have to answer to in…
Law of Supply and Demand
Would lead to undesirable results in agricultural societies... I…
Agricultural Labors
Provide labor in exchange for wages
27 terms
David Ricardo: The Economist's Economist (Unit II set 8)
David Ricardo (1772-1823)
for the good or ill?
Persuasive case for sound money
principle of comparative advantage and…
The wealthy financial broker
some would critique that he didn't take economists down the b…
1. don't print out more money than we have precious metals on…
vs Smith who wanted absolute advantage
David Ricardo (1772-1823)
The wealthy financial broker
for the good or ill?
some would critique that he didn't take economists down the b…
20 terms
Chapter 3: The Classical World of David Ricardo and Comparative Advantage
Assumptions of the Basic Ricardian Model
Comparative Advantage
Autarky (pretrade) price ratios
Terms of Trade
1. Countries have fixed endowments of resources... 2. Factors of…
- a country may be more efficient at producing a certain good…
price ratios when the country has no international trade: rat…
International price ratio for two goods... - two separate marke…
Assumptions of the Basic Ricardian Model
1. Countries have fixed endowments of resources... 2. Factors of…
Comparative Advantage
- a country may be more efficient at producing a certain good…
14 terms
Ricardo
What were the two wealthy classes duri…
What was the future according to Godwin?
What was David Ricardo's view of the f…
Who coined the term "the dismal scienc…
landowners and industrialists
a perfect world.
gloomy
Thomas Carlyle
What were the two wealthy classes duri…
landowners and industrialists
What was the future according to Godwin?
a perfect world.
24 terms
Unit 1.1.2 Los Nombres - Hombres
Alejandro
Andrés
Carlos
César
Alejandro
Andrés
51 terms
Ricardo Ortiz chapter 14
States rights
Anaconda plan
Thomas j Jackson
First battle of Manassas
According to the compact theory of the Union the states retai…
Union war plan by Winfield Scott, called for blockade of sout…
1863, Confederate general whose men stopped Union assault dur…
Where did Stonewall Jackson earn his nickname?
States rights
According to the compact theory of the Union the states retai…
Anaconda plan
Union war plan by Winfield Scott, called for blockade of sout…
12 terms
Enlightenment Thinkers and Their Contributions to American Government
Voltaire
Baron de Montesquieu
Thomas Hobbes
John Locke
French Enlightenment philosopher who believed in freedom of r…
French political philosopher and writer who believed that the…
An English philosopher who saw the need for some form of orde…
An English philosopher known as the "father of liberalism". H…
Voltaire
French Enlightenment philosopher who believed in freedom of r…
Baron de Montesquieu
French political philosopher and writer who believed that the…
10 terms
Basic Concepts
Land
Capital
Labor
Entrepreneurship
natural resources
tool, skills, equipments, etc.
human effort
combination of land, capital and labor
Land
natural resources
Capital
tool, skills, equipments, etc.
18 terms
Personajes famosos Y12 Ab initio 2016-2018
Ali
Jennifer
Kimiko
Syakirah
Alejandro Sanz
Jennifer lópez
Penelope Cruz
Shakira
Ali
Alejandro Sanz
Jennifer
Jennifer lópez
11 terms
Chapter 4: Tricky Ricardo Takes Economics Down a Dangerous Road
David Ricardo
Ricardian Vice
Malthus was an early mentor of the Cur…
Law of Diminishing Returns
wealthiest economist ever. Malthus's best friend. Promoted fr…
excessive use of abstract model building or the use of false…
anti inflation monetary policy
along with Malthus, Ricardo helped develop this famous econom…
David Ricardo
wealthiest economist ever. Malthus's best friend. Promoted fr…
Ricardian Vice
excessive use of abstract model building or the use of false…
History of Economic Thought: Thinkers
Adam Smith
Thomas Malthus
Jean Baptiste Say
David Ricardo
...
Adam Smith
Thomas Malthus
13 terms
Personajes Historia
Abraham Lincoln
Andrew Carnegie
David Ricardo
Henry Ford
Abraham Lincoln
Andrew Carnegie
10 terms
Economists
Scottish philosopher and economist. He…
British economist also known for exami…
English economist famous for The Gener…
His principal contribution to economic…
Adam Smith
John Stuart Mill
John Maynard Keynes
Karl Marx
Scottish philosopher and economist. He…
Adam Smith
British economist also known for exami…
John Stuart Mill
17 terms
Staff and IPAs C2 2106
David - He is responsible for Communit…
Dakota - He is the IPA in Al-Monty
Gavin - He is the IPA in Meisner hall
Gus - He is the IPA in Quigley hall
David - He is responsible for Communit…
Dakota - He is the IPA in Al-Monty
5 terms
The new new new terms
Georg Hegel
David Ricardo
Charles Fourier
Fabianism
The German philosopher who developed the concept of dialect ,…
Economist who wrote the iron law of wages. It argued that pov…
French utopian who failed on business in the early 1800s but…
British socialist movement in the late 1800s that advocated g…
Georg Hegel
The German philosopher who developed the concept of dialect ,…
David Ricardo
Economist who wrote the iron law of wages. It argued that pov…
22 terms
The Industrial Revolution
Thomas Newcomen
Urbanization
Spinning Jenny
Eli Whitney
This Scott, who originally made musical instruments, also was…
The term used to describe the rapid growth of cities as a lar…
This machine was invented around 1764 by James Hargreaves. It…
This man built a rifle with interchangeable parts, but he is…
Thomas Newcomen
This Scott, who originally made musical instruments, also was…
Urbanization
The term used to describe the rapid growth of cities as a lar…
29 terms
SER
to be
I am
you (familiar) are
you (formal) are
Ser
yo soy
tú eres
usted es
to be
Ser
I am
yo soy
10 terms
Economists
Adam Smith (1723-1790)
Milton Friedman (1912- )
Karl Marx (1818-1883)
John Maynard Keynes
Scottish philosopher and economist. Though he wrote on nearly…
American economist. Conservative thinker famous for his advoc…
German economist, historian, and social philosopher. Marx's p…
(1883-1946) English economist. He is most famous for The Gene…
Adam Smith (1723-1790)
Scottish philosopher and economist. Though he wrote on nearly…
Milton Friedman (1912- )
American economist. Conservative thinker famous for his advoc…
24 terms
World History The Industrial Revolution
James Watt
tenement
anesthetic
turnpike
improved the steam engine in the late 1700's
housing for the working class
drug that prevents pain during surgery
a private toll road
James Watt
improved the steam engine in the late 1700's
tenement
housing for the working class
80 terms
AP: Unit 8 Changes and -Isms
Congress of Vienna
Metternich
Edmond Burke
Ministerial responsibility
(1814-1815 CE) Meeting of representatives of European monarch…
Austrian foreign minister who led the Congress of Vienna. Wan…
a conservative from the aristocracy who worked against new id…
the idea that the prime minister is responsible to the electe…
Congress of Vienna
(1814-1815 CE) Meeting of representatives of European monarch…
Metternich
Austrian foreign minister who led the Congress of Vienna. Wan…
126 terms
You gotta know
Scottish philosopher and economist. Th…
American economist. Conservative think…
German economist, historian, and socia…
English economist. He is most famous f…
Adam Smith (1723-1790)
Milton Friedman (1912-2006)
Karl Marx (1818-1883)
John Maynard Keynes (1883-1946)
Scottish philosopher and economist. Th…
Adam Smith (1723-1790)
American economist. Conservative think…
Milton Friedman (1912-2006)
Robo en la Noche 1-10 REPASO (Comp questions)
University of Michigan
David Parker
Alex
Cecilio
¿Dónde trabajaba el Dr. Parker?
¿Cómo se llama el padre de Makenna?
¿Cómo se llama la hermana de Makenna?
¿Cómo se llama el guardia de seguridad de la hacienda?
University of Michigan
¿Dónde trabajaba el Dr. Parker?
David Parker
¿Cómo se llama el padre de Makenna?
10 terms
Econ - NAQT You Gotta Know These Economists
Scottish philosopher and economist. (1…
American economist. (1912- ) Conservat…
German economist, historian, and socia…
English economist. (1883-1946) He is m…
Adam Smith
Milton Friedman
Karl Marx
John Maynard Keynes
Scottish philosopher and economist. (1…
Adam Smith
American economist. (1912- ) Conservat…
Milton Friedman
9 terms
GDP (Gross Domestic Product)
What is the formula for calculating GDP?
GDP only includes _______ goods and se…
GDP vs. GNP (Gross National Product)
Nominal GDP vs. Real GDP
C+I+G+(X-M)... C=consumer spending... I=investment spending... G=gover…
final
-GDP only includes the total value of goods and services prod…
-nominal GDP counts the current market price for goods and se…
What is the formula for calculating GDP?
C+I+G+(X-M)... C=consumer spending... I=investment spending... G=gover…
GDP only includes _______ goods and se…
final
Industrial Revolution 2016-17 Review
Land
Labor
Capital
Management
all natural resources
work/workers (mental and physical)
money, equipment, buildings, all that's needed to produce a p…
The people in charge of other 3 factors (capital, land, and l…
Land
all natural resources
Labor
work/workers (mental and physical)
44 terms
Ap Euro Ch 21
Putting out system
James Hargreaves
Richard arkwright
Samuel Crompton
merchant-employers put out materials to rural producers who u…
English carpenter responsible for the invention of the spinni…
creator of the horse drawn cotton refining tool coming from a…
English inventor and pioneer of the spinning industry. Buildi…
Putting out system
merchant-employers put out materials to rural producers who u…
James Hargreaves
English carpenter responsible for the invention of the spinni…
24 terms
Chapter 7 vocab/people modern world spratt
Smelting
Anesthetic
Urbanization
Turnpike
The process by which ore is melted to separate the useful met…
Drug that prevents pain during surgery
An increase in the percentage and in the number of people liv…
(from 16th to 19th centuries) gates set across a road to prev…
Smelting
The process by which ore is melted to separate the useful met…
Anesthetic
Drug that prevents pain during surgery
17 terms
Economic schools
Classical economics
Adam Smith
David Ricardo
Thomas Malthus
believed in self-regulation and free markets, popular in 18th…
-"Wealth of Nations"... -the invisible hand regulates market wit…
-greatest idea: comparative advantage in global trade
-Malthusian trap: for human history, income was stagnant beca…
Classical economics
believed in self-regulation and free markets, popular in 18th…
Adam Smith
-"Wealth of Nations"... -the invisible hand regulates market wit…
10 terms
Harvard AQB
Adam smith
Milton Friedman
Karl Marx
John Maynard Keynes
1723-1790) Scottish philosopher and economist. Though he wrot…
American economist. Conservative thinker famous for his advoc…
(1818-1883) German economist, historian, and social philosoph…
English economist. He is most famous for The General Theory o…
Adam smith
1723-1790) Scottish philosopher and economist. Though he wrot…
Milton Friedman
American economist. Conservative thinker famous for his advoc…
10 terms
CB Economists
Adam Smith (1723-1790)
Milton Friedman (1912- )
Karl Marx (1818-1883)
John Maynard Keynes (1883-1946)
Scottish philosopher and economist. Though he wrote on nearly…
American economist. Conservative thinker famous for his advoc…
German economist, historian, and social philosopher. principa…
English economist. He is most famous for The General Theory o…
Adam Smith (1723-1790)
Scottish philosopher and economist. Though he wrote on nearly…
Milton Friedman (1912- )
American economist. Conservative thinker famous for his advoc…
10 terms
You Gotta Know These Economists: Academic Bowl
Adam Smith
Milton Friedman
Karl Marx
John Maynard Keynes
(1723-1790) Scottish philosopher and economist. Though he wro…
(1912- ) American economist. Conservative thinker famous for…
(1818-1883) German economist, historian, and social philosoph…
(1883-1946) English economist. He is most famous for The Gene…
Adam Smith
(1723-1790) Scottish philosopher and economist. Though he wro…
Milton Friedman
(1912- ) American economist. Conservative thinker famous for…
43 terms
Current World Leaders
Enrique Peña Nieto
Stephen Harper
Tony Abbot
David Cameron
President of Mexico... six-year term began in 2012, succeeded Fe…
Prime minister of Canada... from newly reconstituted Conservativ…
Prime minister of Australia... replaced Julia Gillard
Prime minister of the UK... Member of Conservative Party... Replace…
Enrique Peña Nieto
President of Mexico... six-year term began in 2012, succeeded Fe…
Stephen Harper
Prime minister of Canada... from newly reconstituted Conservativ…
14 terms
Famous Economists
David Ricardo
Amartya Sen
Adam Smith
Milton Friedman
David Ricardo (18 April 1772 - 11 September 1823) was an Engl…
Amartya Sen, (born Nov. 3, 1933, Santiniketan, India), Indian…
Adam Smith, (baptized June 5, 1723, Kirkcaldy, Fife, Scot.—di…
Milton Friedman, (born July 31, 1912, Brooklyn, New York, U.S…
David Ricardo
David Ricardo (18 April 1772 - 11 September 1823) was an Engl…
Amartya Sen
Amartya Sen, (born Nov. 3, 1933, Santiniketan, India), Indian…
39 terms
ESL Buildings
attic
basement
bathroom
bedroom
attic
basement
30 terms
1815-1850
Peterloo Massacre
The Carlsbad Decree
Concert of Europe
Congress system
Bloody 1819 event that occurred in England when a crowd prote…
Metternich led a diet to issue these laws to drive liberals a…
The Quadruple Alliance met to create a this series of arrange…
Conservative system sought to resolve European disputes throu…
Peterloo Massacre
Bloody 1819 event that occurred in England when a crowd prote…
The Carlsbad Decree
Metternich led a diet to issue these laws to drive liberals a…
6 terms
AP Euro C.22 People
Adam Smith
David Ricardo
John Stuart Mill
Thomas Malthus
-Scottish philosopher... -laissez faire- let the people do as th…
-further developed Malthus' ideas... -'Principles of Political E…
-English philosopher... -'On Liberty' ... -absolute freedom of opin…
-against government interfering with economy... -'Essay on the P…
Adam Smith
-Scottish philosopher... -laissez faire- let the people do as th…
David Ricardo
-further developed Malthus' ideas... -'Principles of Political E…
16 terms
Chapter 21 Industrialization and Social Unrest
Thomas Malthus
David Ricardo
Jeremy Bentham
Robert Owens
...
...
...
...
Thomas Malthus
...
David Ricardo
...
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