David Ricardo,Karl Marx,and John Stuart Mill all agreed that a socialist economy would be more fair and more efficient.

Question

Quizplus · Accepted Answer

David Ricardo and John Stuart Mill were classical economists who did not advocate for a socialist economy as Karl Marx did. Marx was the one who argued for socialism as a more fair and efficient system, while Ricardo and Mill focused on other economic principles such as comparative advantage and utilitarianism, respectively.

David Ricardo,Karl Marx,and John Stuart Mill All Agreed That a Socialist