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| | Ricardo, David (1772-1823) (Site not responding. Last check: 2007-10-29) |
 | | Ricardo carne under attack on these points from Malthus (himself a bullionist), who observed that he overlooked that the precious metals are in the particular situation of 'having been constituted, by the universal consent of society, the general medium of exchange, and instrument of commerce' -or, in Huskisson's words, the 'universal equivalent' (Malthus, 1811, p. |
 | | Ricardo's interest in the theory of distribution, as has already been mentioned, arose with the problem of the determination of the rate of profits, and in a sense it was always on the rate of profits that he focussed. |
 | | Ricardo attempts to solve the problem of the modifications to the labour theory of value by means of an 'invariable measure of value', or a measure of the 'absolute value', to which he devoted the very last of his writings. |
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