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- The influence of Malthus' theories was substantial. His theory of demand-supply mismatches, which he termed "gluts" was a precursor to later theories about the Great Depression, and to the works of admirer and economist John Maynard Keynes.
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The context was the post-war depression; Malthus had a supporter in William Blake, in denying that capital accumulation (saving) was always good in such circumstances, and John Stuart Mill attacked Blake on the fringes of the debate. Ricardo corresponded with Malthus from 1817 about his Principles. He was drawn into considering political ...
May 16, 2024 · Thomas Malthus was an English economist and demographer who is best known for his theory that population growth will always tend to outrun the food supply and that betterment of humankind is impossible without stern limits on reproduction. This thinking is commonly referred to as Malthusianism.
May 18, 2018 · BIBLIOGRAPHY. Malthus is now a word, like Luther or Marx or Darwin, that connotes both much more and much less than the individual to whom it refers. The important social-scientific ideas associated with Malthus are: the inevitability of population pressures in human societies, scarcity as the central principle of economic analysis,
Feb 3, 2011 · Smart explains that the official view of the cause of the depression was that “the distress was due to the transition from twenty-three years of war to the ordinary conditions of peace, with all the disturbance, both to demand and supply, that this necessarily involved—particularly the reduction of the national expenditure in one year from ...
Jun 6, 2021 · Abstract. This article challenges the widely held assumption that Thomas Robert Malthus was a lonely pessimist in the late eighteenth century. Interpreting the sources that Malthus had used to write his Essay on the Principle of Population as predictions of the future, the article argues that Malthus inherited a sense of looming doom from his ...
- Lina Weber
- 2021
the unemployment situation in the post-Napoleonic period called for a. public-works program in order to increase effective demand through the employment of "unproductive consumers." Finally, in his general theory, he understood the activating influence that money exerts in a dynamic. economy.
Feb 21, 2017 · In his 1824 Quarterly Review article on Ricardian economics, Malthus had already allowed that expansion of foreign markets for British manufactures had mitigated the worst effects of the post-war depression by drawing labour from the agricultural sector, such expansion in part ascribed to the ‘improved views of our government in commercial ...
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