Which of the following was the originator of the "iron law of wages"?
A)Karl Marx
B)Adam Smith
C)David Ricardo
D)Robert Owen

Question

Quizplus · Accepted Answer

David Ricardo was the originator of the "iron law of wages."
Key Takeaway: David Ricardo was a political economist from Great Britain. He is credited with systematizing economics and coining the "iron law of wages," which stated that wages generally hovered at the subsistence level. Ricardo was a member of Parliament, a businessman, a financier, and speculator.

Which of the Following Was the Originator of the "Iron