1 / 4

Laissez-Faire Capitalists

Malthus Ricardo. Laissez-Faire Capitalists. THOMAS MALTHUS – POPULATION GROWTH. Effects of population growth Overcrowded slums Widespread misery Hunger Low wages unemployment. Checks of population growth War Famine Disease. Malthus’ Theory.

neo
Download Presentation

Laissez-Faire Capitalists

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Malthus Ricardo Laissez-Faire Capitalists

  2. THOMAS MALTHUS – POPULATION GROWTH • Effects of population growth • Overcrowded slums • Widespread misery • Hunger • Low wages • unemployment • Checks of population growth • War • Famine • Disease

  3. Malthus’ Theory • Population would always grow faster than food production • It was used to justify low wages and laws that limited charity to the poor POPULATION SHORTAGE POOR HAVE LESS GROWTH IN FOOD SUFFER CHILDREN

  4. DAVID RICARDO • “IRON LAW OF WAGES” • Theory was used to justify low wages wages are families have increase in lower wages & less High more children labor supply unemployment children

More Related