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9 pages in length. The writer discusses how Thomas Malthus challenged economic theories with his classicist philosophies, serving to shed light on the differences that exist between his personal ideology and that of Marxist and Keynesian conjecture. Bibliography lists 8 sources.
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9 pages (~225 words per page)
File: LM1_TLCmalth.doc
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meaning as it applies to ethical relativism is attempting to successfully pinpoint a single yet comprehensive connotation to its concept; however, this cannot be achieved as long as any two
individuals harbor decidedly different interpretations. Thomas Malthus challenged economic theories with his classicist philosophies, serving to shed light on the differences that exist between his personal ideology and that
of Marxist and Keynesian conjecture. I. MALTHUS Classical economist Thomas Malthus primary contribution to economics was his theory of population, which he published entitled An Essay on the Principle
of Population. At the core of Malthus philosophy was the contention that population is inclined to increase more rapidly than the supply of food that such growth necessitates. "Whenever
a relative gain occurs in food production over population growth, a higher rate of population increase is stimulated; on the other hand, if population grows much faster than food production,
the growth is kept in checked by famine, disease, and war" (Anonymous, 2000). This economic stance was motivated by the real world issue that reflected the sharp increase in
food supplies as a direct result of both the French Revolutionary and Napoleonic eras. "Population, when unchecked, increases in a geometrical ratio. Subsistence only increases in an arithmetical ratio.
A slight acquaintance with numbers will show the immensity of the first power compared to the second" (Anonymous, 2000). Malthus fit into the general history of economic thought by
concluding that such drastic propensity for growth could only lead to extreme distress, a belief that went against prevailing optimistic beliefs of the early nineteenth century. "The number of
labourers also being above the proportion of work in the market, the price of labor must tend towards a decrease; while the price of provisions would at the same time
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