Points
Where was he born?
London, England
At a young age who was he influenced by?
Adam Smith
What was is one of his theories
Do economists still use his theory?
Yes
When did he die
Sept 11 1823
When did he become interested in economics
At age 27
What is Absolute Advantage
The ability of a country, individual, company or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.
Did he contribute to the creation of minimum wage?
Yes
At the age of 14 did he go to school
No
When he started his business how much money did he start with
800 pounds
What are the three classes of the community in his Theory of Distribution?
The landlords, workers and owners of capital
what is the working-class position in society?
They are the people who work low wage jobs
What type of economist is he?
A Classical and Political economist
At what age did stop going to school
14
What does the landlord class do>
Make money of the land they own
What was his most famous book?
The principles of political economy and taxation
Who did he help at the age of 14?
He helped his father
What is Comparative Advantage
The idea is this: a country that trades for products it can get at lower cost from another country is better off than if it had made the products at home.
What does the industrialist class do?
The industrialist class makes money by running the working class
how old was he when he died?
Born: 1772
Died: 1823
51 years