History of foundation of Nobel prize? Key words

The teachings of Ricardo, Malthus and Hume
Key words: human perfectibility, demography, Scientific revolution, Industrial Revolution of Classical School
Thomas Robert Malthus FRS was an English cleric, scholar and influential economist in the fields of political economy and demography. The Classical School of economics was developed about 1750 and lasted as the mainstream of economic thought until the late 1800’s Adam Smith's Wealth of Nations, published in 1776 can be used as the formal beginning of Classical Economics but it actually it evolved over a period of time and was influenced by Mercantilist doctrines, Physiocracy, the enlightenment, classical liberalism and the early stages of the industrial revolution. Hume in essence argues against Lock's notion of the natural right to private property.
What does shed light on Smith`s wages fund doctrine? Key words: capital circulation, savings of the capitalist, revenue The wage–fund doctrine is a concept from early economic theory that seeks to show that the amount of money a worker earns in wages, paid to them from a fixed amount of funds available to employers each year (capital), is determined by the relationship of wages and capital to any changes in population. Adam Smith in american thought and politics, 1776 to Present,traces the reception of philosopher.In showing how certain of Smith's ideas became politically salient over time,Liu's project sheds light on the changing nature of intellectual authority and the role that economic ideas play in American politics.
Explain main assumption Ricardo`s Rent Theory
Key words: supply of land Rent of land diminishing marginal returns
According to the Ricardo's theory of rent, rent is that portion of the produce of the earth,which is paid to the landlord for the original and indestructible powers of soil. The modern version of the Ricardian model assumes that there are two countries producing two goods using one factor of production, usually labor. The model is a general equilibrium model in which all markets (i.e., goods and factors) are perfectly competitive. The differential advantage of the superior land over the inferior gives rise to Economic Rent. This is known as Ricardo's Theory of Rent. According to Ricardo, rent is that portion of the produce of the earth, which is paid to the landlord for the original and indestructible powers of the soil.