Question

Why would Robert Owen disagree with David Ricardo's view that worker wages should be determined by supply and demand?

Answer 1

Owen believed wages should reflect a more even distribution of income for workers.

Step-by-step explanation:

Answer 2

David Ricardo in his seminal works, 'Principles of Political Economy and Taxation'. Believed that as population increased wages would be forced down, as dictated by the terms of supply and demand.

Robert Owen however differed with such a view and tried to correct the economic deprivation of the poor. he held socialist views to some extent and postulated that the society had a divine role to protect workers from the ills of industrialization. He was instrumental in the formation of labor unions, and experimented his views in his factory. he also opposed child labor,and advocated for child education.