18 Questions
What is the primary function of economics as described in the text?
Analyzing actual economic problems
What method did Ricardo use to construct his economic model?
Abstract reasoning
Which branch of economics was inspired by classical political economists like Adam Smith and David Ricardo?
Marxian economics
What impact did Marx's ideas have on societies according to the text?
They influenced communist projects in USSR, China, and Cuba
In which fields is Marx still considered influential among modern thinkers?
Sociology and political economy
Which economist is credited with establishing the form and methods of the Ricardian school of thought?
David Ricardo
Who among the classical economists was concerned about the question of 'distribution'?
Thomas Malthus
What caused a breach between David Ricardo and his father according to the text?
His conversion to Christianity and marriage to a Quaker
Which two economists were major protagonists in the debate about the existence of a 'surplus' in a market economy?
Jean Baptiste Say and Thomas Malthus
Which economist among those mentioned in the text was concerned about the nature of economic growth?
David Ricardo
In the context of classical economists, who was involved in debates with David Ricardo on policy issues like the 'Corn Laws' and the 'Poor Laws'?
Thomas Malthus
'Mercantilism' is associated with which period of dominance in Western European economic thought and policies?
Sixteenth to the late eighteenth centuries
What did David Ricardo argue in his Essay on the Influence of a Low Price of Corn on the Profits of Stock?
Raising duties on imported grain increased the incomes of landowners and the aristocracy.
Which philosopher and economist was David Ricardo friends with?
Thomas Malthus
What theory did David Ricardo first develop in 1817 to explain economic rent?
Theory of Rent
According to David Ricardo, what would help distribute national income towards more productive groups in society?
Abolishing the Corn Laws
Who were the primary opponents of Ricardo's free-trade views?
Landowners
What economic legislation was Ricardo responding to in 1815 with his Essay on the Influence of a Low Price of Corn on the Profits of Stock?
New laws raising duties on imported wheat
Test your knowledge on the economic views of David Ricardo, who was a proponent of free-trade and opposed the Corn Laws. Learn about his connections with influential figures like James Mill, Jeremy Bentham, and Thomas Malthus.
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