Questions what is the main features of the socialist economy?

The teachings of Ricardo, Malthus and Hume

Key words: human perfectibility, demography, Scientific revolution, Industrial Revolution of Classical School

Answer:

Malthus was a demographer before he was ever considered an economist. He first came to prominence for his 1798 publication, An Essay on the Principle of Population. In it, he raised the question of how population growth related to the economy. He affirmed that there were many events, good and bad, that affected the economy in ways no one had ever deliberated upon before. The main point of his essay was that population multiplies geometrically and food arithmetically, therefore whenever the food supply increases, population will rapidly grow to eliminate the abundance. Eventually in the future, there would not be enough food for the whole of humanity to consume and people would starve. Until that point, the more food made available, the more the population would increase. He also stated that there was a fight for survival amongst humans and that only the strong who could attain food and other needs would survive, unlike the impoverished population he saw during his time period.

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