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1. What was the prevailing opinion (i.e. in 1821) on the effects of the introduction of machinery that Ricardo once held but came to consider to be

1. What was the prevailing opinion (i.e. in 1821) on the effects of the introduction of machinery that Ricardo once held but came to consider to be erroneous?

2. What was the basis for Ricardo's new opinion on the effects of the introduction of machinery?

3. Ricardo's views were shocking to his contemporaries' — why? What implications does Ricardo's argument have for the prescriptions of classical political economy, and for our evaluation of structural economic change today?


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