Marginalism Essay Topics

David Ricardo: Law of Diminishing Returns

David Ricardo, a 17 century English political economist, is considered an extremelyinfluential classical economist along with Adam Smith and Thomas Malthus. Ricardo was bornon the 27th April 1772 and helped develop key economic theories until his death on the 11thSeptember 1823 1. Ricardo grew up in a dominate English family where his father was also… View Article

Why Do Some People Get Paid More Than Others?

Pay in the private sector is a matter of demand and supply, sometimes influenced by market imperfections. In the public sector the picture is less clear cut, but the public sector must be considered if only because in so many countries it is such a major employer. (It would be a big mistake to assume… View Article