Which school of economics did James Mill found?
Keynesian
Monetarist
Ricardian
Marxist
Answer
The Ricardian school of economics is a classical school of economics named after David Ricardo, who was one of its most influential proponents. James Mill was a disciple of Ricardo and helped to popularize his ideas. The Ricardian school is based on the principle that the value of a commodity is determined by the amount of labor required to produce it.
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