Ricardo on Factor Prices and Income Distribution in a Growing Economy

  title={Ricardo on Factor Prices and Income Distribution in a Growing Economy},
  author={H. Barkai},
1. One of the fundamental problems considered by the classical economists was that of the causes and consequences of economic growth. Among these consequences particular attention was devoted to the effect of economic growth on the structure of factor prices and thereby on income distribution. This problem was treated in great detail by Ricardo who claimed that " to determine the laws which regulated the distribution . . .of rent, profit and wages in different stages of society . . . is the… Expand
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