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   Why were democratic free-traders interested in Political Economy?

   • Throughout the nineteenth century, Democratic free-traders were eager to display their knowledge of political economy in Congress, aiming to marshal Smith’s authority to legitimize free trade policies.

   Free Trade vs. Protectionism: The Tariff Debate in the United States

   economic-historian.com/2020/11/a-brief-history-of-free-trade-and-protectionism/

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   What neoliberal policies did Domingo Cavallo implement?

   • From 1989 to 2001, more neoliberal policies were implemented by Domingo Cavallo. This time, the privatization of public services was the main focus, although financial deregulation and free trade with foreign nations were also re-implemented. Along with an increased labour market flexibility, the unemployment rate dropped to 18.3%.

   Neoliberalism - Wikipedia

   en.wikipedia.org/wiki/Neoliberalism

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   Are billionaires worried about the survival of the system that made them rich?

   • Capitalism in crisis: U.S. billionaires worry about the survival of the system that made them rich. The Washington Post. 20 April 2019 Broken Capitalism series in The Guardian. The Influence of Environmental Toxicity, Inequity and Capitalism on Reproductive Health. Center for Biological Diversity. 2022.

   Criticism of capitalism - Wikipedia

   en.wikipedia.org/wiki/Criticism_of_capitalism

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   Why do Marxists argue that wages are driven down in free market systems?

   • Since some degree of unemployment is typical in modern economies, Marxists argue that wages are naturally driven down in free market systems. Hence, even if a worker contests their wages, capitalists are able to find someone from the reserve army of labor who is more desperate.

   Criticism of capitalism - Wikipedia

   en.wikipedia.org/wiki/Criticism_of_capitalism

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2. academic.oup.com › book › 5639711 Reflections from Left, Right, and Center - Oxford Academic

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   5 days ago · David Ricardo (1772–1823) was the central figure of classical political economy in the early 19th century. Where Malthus as a churchman regularly participated in discourses on benevolence, Ricardo with his background in the financial markets of the day largely dismissed such talk.

3. economic-historian.com › 2020 › 11Free Trade vs. Protectionism: The Tariff Debate in the United ...

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   5 days ago · Conventional wisdom holds that protectionists have overlooked the value of an economic concept known as comparative advantage. First introduced by the British political economist David Ricardo, comparative advantage involves producing goods more efficiently than other countries.

4. www.investopedia.com › terms › lWhat Is the Life-Cycle Hypothesis in Economics? - Investopedia

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   5 days ago · The life-cycle hypothesis (LCH) is an economic theory developed in the early 1950s that posits that people plan their spending throughout their lifetimes, factoring in their...

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     David Ricardo in One Minute: Biography (Life, Activity, Death/Legacy) + Economic Philosophy/Theories

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     Who Is David Ricardo and What Is He Famous For?

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6. learn.saylor.org › mod › bookEconomic Models - Saylor Academy

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   4 days ago · Explain the characteristics and purpose of economic models. An economic model is a simplified version of reality that allows us to observe, understand, and make predictions about economic behavior. The purpose of a model is to take a complex, real-world situation and pare it down to the essentials. If designed well, a model can give the analyst ...

7. www.investopedia.com › terms › mWhat Is Monetarism? Theory, Formula, and Comparison to ...

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   5 days ago · Updated May 23, 2024. Reviewed by Eric Estevez. Fact checked by. Daniel Rathburn. What Is Monetarism? Monetarism is a macroeconomic theory which states that governments can foster economic...

8. en.wikipedia.org › wiki › Criticism_of_capitalismCriticism of capitalism - Wikipedia

   en.wikipedia.org › wiki › Criticism_of_capitalism

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   5 days ago · The labor theory of value was supported by classical economists like David Ricardo and Adam Smith who believed that "the value of a commodity depends on the relative quantity of labor which is necessary for its production".

9. en.wikipedia.org › wiki › NeoliberalismNeoliberalism - Wikipedia

   en.wikipedia.org › wiki › Neoliberalism

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   5 days ago · Neoliberalism is a political and economic ideology that advocates free markets, deregulation, and individualism. Learn about its history, theories, and critics on Wikipedia.