Neo-Ricardianism

Neo-Ricardianism is a way of looking at economics, where people try to understand how wealth is created and shared in society. The idea was originally created by an Italian economist, named Riccardo, who said that the value of something depends on how much work it takes to produce it. Neo-Ricardianism tries to build on this idea by looking at how different factors like production, labor, and materials influence the value of something. It also looks at how people’s choices and behaviour can affect the way that wealth is shared in society.