DAVID RICARDO
An economist known for his Iron Law of Wages. He and other economists simultaneously discovered the law of diminishing marginal returns. His most well-known work is the The Principles of Political Economy and Taxation (1817). He was born in England and had accumulated worth approximately £1 million at the time when his family disinherited him after marrying a girl outside their religion. His wealth came from his success with a business he started that dealt government securities.
POPULAR TERMS
Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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