Capitalist Economists
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Capitalist Economists • • • •
1798 Thomas Malthus Essay on the principles of population misery and poverty were natural population grows faster then the food supply famine and disease were checks on population
1798 David Ricardo • Iron Law of Wages • Wages would be forced down as population increased • There will always be a poor underclass in society
1798 Thomas Malthus Essay on the principles of population misery and poverty were natural population grows faster then the food supply famine and disease were checks on population
1798 David Ricardo • Iron Law of Wages • Wages would be forced down as population increased • There will always be a poor underclass in society
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