Thomas Robert Malthus (1766 - 1834) Born in 1766 in England Field – Demography, Macro Economics Works • An Essay on the Principal of Population (1798) • 1800: The percent high price of provisions. • 1814: Observations on the effect of the Corn Laws. • 1815: The Policy of Restricting the importation of gain. • The Principal of Political Economy (1820) An Essay on the principle of population (b/w) 1798 & 1826 he published 6 editions of this) • 1823: The measure of value stated and illustrated Main Theories and Ideas 1. The Theory of Population 2. The Theory of Market Gluts (Malthusian Theory of Economic Crisis), Theory of Gluts or Overproduction or Under Consumption 3. The Theory of Economic Development: economic Development can realize by greater production and better distribution of Wealth. 4. Theory of Rent: rent as a surplus due to the bounty of nature. 5. Value: as the power of purchasing commodities 6. Value of Money: inverse relationship between the value of money and the money price of the commodities. 7. Wages: as the remuneration to the labour for his exertions.https://facebook/KIRANRAJ405..
Posted on: Sun, 22 Sep 2013 14:33:31 +0000
Trending Topics
Recently Viewed Topics
© 2015