Malthus' an essay on the principle of population

The influence of Malthus' theories was substantial. Among others, he developed a theory of demand-supply mismatches which he called "gluts." Considered ridiculous at the time, as it violated Say 's Law which basically stated that supply creates its own demand, his theory was a precursor to later theories about the Great Depression, and to the works of admirer and economist John Maynard Keynes . Malthus has also been admired by, and has influenced, a number of other notable economists, including David Ricardo with whom he maintained a long lasting friendship but opposite thinking on economics.

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Malthus' an essay on the principle of population

malthus' an essay on the principle of population

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