Discussion Post: History of Economic Thought
Describe Ricardo's Labor Theory of Value (LTV). How is he able to describe all costs of production in terms of labor? How does his "Iron Law of Wages" allow him to state the value of a day's labor in terms of food?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.