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Daniel Raymond : ウィキペディア英語版 | Daniel Raymond Daniel Raymond (1786–1849) was the first important political economist to appear in the United States. He authored ''Thoughts on Political Economy'' (1820) and ''The Elements of Political Economy'' (1823). ==Economic theory== He theorized that "labor creates wealth," which may have been an improvement based on the thinking of Adam Smith of Europe. Daniel Raymond thought that the economy of England was actually the economy of the higher-ranking members of that society, and not the economy of the entire nation. He held that wealth is not an aggregation of exchange values, as Adam Smith had conceived it. Daniel Raymond held that wealth is the capacity or opportunity to acquire the necessaries and conveniences of life by labor. Raymond systematized the infant industry argument.〔Chang, Ha-Joon. ("Kicking Away the Ladder: How the Economic and Intellectual Histories of Capitalism Have Been Re-Written to Justify Neo-Liberal Capitalism" ). ''Post-Autistic Economics Review''. 4 September 2002: Issue 15, Article 3. Retrieved on 8 October 2008.〕
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