Jorma+Ricardo+D

**Script**
I’m Jorma B standing by with the world renown Political Economist David Ricardo! It’s a true pleasure be the one interviewing you. Questions

1. Ok, so David were there any things that may have influenced your ideas? If so how? Well I was a child of 17 kids and throughout my life Ive experienced a lot of diffrient Influences and Inspirations. Back when I was around 15 my Father let me run his business on the Weeksends, I learnt a lot about how buisness worked and the ins and outs of stock exchange. When I left my family for my wife at the age of 21 my whole life changed. I started to work at the stock exchange. I quickly learnt this because of my childhood and soon became very wealthy. These events made me interested in the study of Political Economics.

2. So were their any problems that you set out to solve and create a good solution for? At first I just wanted to make money with the stock but once I became wealthy and was recognized by everyone I began taking a closer look at political economics. After working for the Stock exchange for a couple years I summed up that the economy was corrupt. I saw that the monetary policy of the Bank of England was corrupt due to the fact that currency was being produced regardless of the costs. I concluded that the policy was the reason behind inflation of the English economy.

3. Finally what were the main points of your philosophy? I have had countless number of philosophies about the stock exchange and political economics, many of which greatly contributed to what is now known as the theory of Comparative Advantage. Most of my philosophies are written in my book “The Policy of Economy and Taxation”. Although many of the philosophies in the book may seem complicated to you all it really sums up is more labor, equals more value. I also added different factors like population growth.

I think that about does it. It was a pleasure meeting you and hope to see you again. Thanks for being on our show. That’s it with the show im Jorma B and goodnight.

“David Ricardo: A Brief Biography.” 8 Dec 2008 . “David Ricardo.” 8 Dec 2008 .

Photo Booth Interview
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Secondary Source
"Labor, like all other things which are purchased and sold, and which may be increased or diminished in quantity, has its natural and its market price. The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.The power of the labourer to support himself, and the family which may be necessary to keep up the number of labourers, does not depend on the quantity of money which he may receive for wages, but on the quantity of food, necessaries, and conveniences become essential to him from habit, which that money will purchase. The natural price of labour, therefore, depends on the price of the food, necessaries, and conveniences required for the support of the labourer and his family. With a rise in the price of food and necessaries, the natural price of labour will rise; with the fall in their price. the natural price of labour will fall.With the progress of society the natural price of labour has always a tendency to rise, because one of the principal commodities by which its natural price is regulated, has a tendency to become dearer, from the greater difficulty of producing it. As, however, the improvements in agriculture, the discovery of new markets, whence provisions may be imported, may for a time counteract the tendency to a rise in the price of necessaries, and may even occasion their natural price to fall, so will the same causes produce the correspondent effects on the natural price of labour."

“Modern History Sourcebook: David Ricardo: The Iron Law of Wages.” 8 Dec 2008 .