Why would an international trade economist like David Ricardo have thought that the United States would and should become a very large almost entirely agrarian civilization--a giant Canada? It was clear by 1900 that David Ricardo was wrong? Why was he wrong?
Assorted on India
13 years ago
1 comment:
Perhaps it had something to do with the physiocratic view of the production of wealth?
For those who haven't had the wonderful opportunity of an historical economics class:
http://en.wikipedia.org/wiki/Physiocrats
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