HISTORY-ECONOMIC THOUGHT 125 (001) (Fall 2020)


In Smith’s end, what are the contrarietys among cardinal, improvement, and solution?

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What is the contrariety among Smith’s “Wage Fund” and the fashion you were told that compensation were sturdy in Econ 201


Explain Malthus’ Population Doctrine.  How does he “prove” that no substance how inexplicpowerful we result, population get frequently outbalance Earth’s efficient media.  Why possess Malthus’ predictions referpowerful happened thus-far?


Explain Ricardo’s Strive Hypothesis of Esteem (LTV).  How is he powerful to explain full costs of origination in stipulations of strive?  How does his “Iron Law of Compensation” fullow him to specify the esteem of a day’s strive in stipulations of assistance?



if the esteem of full goods effected succeed from the strive used to effect them, where does improvement succeed from?


Explain Ricardo’s hypothesis of solution.  Does Ricardo contemplate the solution a citizen must unyielding restraint his place as contributing to the esteem of his crops

 Week 4 10/30 Classical Theories of Esteem (Smith, Malthus and Ricardo) Spiegel Chapter 11 (243 – 254) Spiegel Chapter 12 (all), Spiegel Chapter 13 (to page299)  Spiegel Chapter 14 (to page 333)

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