PHILOSOPHY OF ECONOMIC THOUGHT Individual Assignment

Question

Thomas Robert Malthus is an important figure in classical economic thought, but his ideas were rather controversial. Elaborate on the Poor Laws and the Corn Laws as the historical setting that influenced his ideas by comparing Malthus' perspective to Godwin's and Condorcet's. Discuss further his Theory of Market Gluts and the policy implications of this theory. (20 marks)

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Thomas Robert Malthus a prominent figure in classical economic thought developed his ideas on population and resource scarcity in the context of the historical setting of the Poor Laws and the Corn La... View the full answer