Question
David Ricardo argues that landlords have interests opposed to that of the majority and in some sense exploit their workers under certain conditions. Ricardo also
David Ricardo argues that landlords have interests opposed to that of the majority and in some sense exploit their workers under certain conditions. Ricardo also thinks that the rent that some landlords gather does not factor into price. Explain Ricardo's account of rent, how it affects market prices , and how it relates to Ricardo's labor theory of value. Then explain how, on the basis of this theory , Ricardo shows that landlords engage in economic exploitation. What are two policy proposals that Ricardo advocated in order to restrain the power of landlords?
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