How was malthus view different from keynes

Assignment Help Microeconomics
Reference no: EM13126631

Thomas Malthus argued that capitalism was unstable due to booms and busts in the economy, and so he wanted to see more of society's surplus go to the landlord class. To what extent is Malthus's view similar to and/or different from that of John Maynard Keynes, who argued in his General Theory that "animal spirits" motivated profit expectations and were associated with volatility in capital markets and hence with chronic and periodic unemployment of factors of production?

How was Malthus's view different from Keynes? How was the period during which he was writing affect this comparison? Does his feeling that the landed aristocracy should be promoted also affect this comparison?"

Reference no: EM13126631

Questions Cloud

Stiff spring motion : The displacement s cm of the end of a stiff spring at time t seconds is given by: s = a (e^-kt) sin 2πft. Determine the velocity and acceleration of the end of the spring after 2 seconds if a = 3, k = 0.75 and f = 20.
Semi-empirical expression for a dilute real solution : Semi-Empirical Expression for a Dilute Real Solution, Starting with the definition of osmotic pressure
Determine the unit sales to attain that target profit : Guagliano Corporation produces and sells a single product whose selling price is $110.00 per unit and whose variable expense is $29.70 per unit. The company's monthly fixed expense is $345,290.
Computing the riemann sum : Let f(x) = x^3, and compute the Riemann sum of f over the interval [6, 7], choosing the representative points to be the midpoints of the subintervals and using the following number of subintervals (n). (Round your answers to two decimal places.)
How was malthus view different from keynes : How was Malthus's view different from Keynes? How was the period during which he was writing affect this comparison? Does his feeling that the landed aristocracy should be promoted also affect this comparison?"
What type of data to obtain from rating scale : What type of data would you obtain from a rating scale? Prove an application/example in your response of how this instrument could be used. For what population would you use a graphical rating scale?
Explain gibbs-duhem equation : Explain Gibbs-Duhem Equation, In a certain binary solution, the activity of component 1 is given by
Display the data in a stem-and-leaf plot : The heights in inches of 18 randomly selected adult males in LA are listed as: 70, 69, 72, 57, 70, 66, 69, 73, 80, 68, 71, 68, 72, 67, 58, 74, 81, 72. Display the data in a stem-and-leaf plot.
How many total hydrogen atoms are in this solution : A solution of ammonia and water contains 3.00×10^25 water molecules and 5.80×10^24 ammonia molecules. How many total hydrogen atoms are in this solution?

Reviews

Write a Review

Microeconomics Questions & Answers

  Capital-marginal productivity of labor

Determine the rate of can rent capital and marginal productivity of labor at its new targeed level of output. To minimize the cost, the car company should hire capital and labor until the marginal rate of subsitution reaches what portion?

  Determining profit-maximizing output level-economic profit

The hair stylist, LTD., is popular-priced hairstyling salon in College Park, Maryland. Given large number of competitors, the fact that stylist routinely tailor services to meet customer needs, and the lack of entry barriers, it is reasonable to s..

  Determining short run supply function

Derive the firm's supply curve, expressing quantity as a function of price. Derive the market supply curve if the company is one of 200 competitors. Compute market supply per week at a market price of $25 per rack delivered and serviced.

  Determining marginal product of labor

Determine whether the firm is operating efficiently, given that its objective is to minimize the cost of producing the given level of output. Determine what changes (if any) in the relative proportions of labor and raw materials need to be made to..

  Production and cost in the short run

Discuss why it would cost Pete Sampras or Venus Williams more to leave the pro tennis tour and open a tennis shop than it would cost a coach of a tennis team to do so.

  Determining producers surplus

Find out the price p0 = S(q0) at which q0 units will be supplied and compute the corresponding producers' surplus PS. Sketch the supply curve y = S(q) and shade the region whose area represents the producers' surplus.

  Monetary policy tools

Decribe how the Bank of Canada can affect interest rates and money supply in Canada. Be specific about the tools that are available to the Bank for such purposes.

  Description of cash flow analysis

Evaluate the cash flow for each year relevant to the analysis. Make a table of cash flows, by year. Compute the net present value of the proposed outpatient clinic. Should the administrator recommend the hospital's trustees that the clinic be built? ..

  How many groschens should the council charge

The council decides to allow a boat to fish in the lake only if its owner buys a fishing licence. To maximize total profit (of citizens and council), how many groschens should the council charge for a licence?

  Repricing the employees stock options to shareholders

The WSJ recently reported that Juniper Networks plans to offer its more than 1000 employees opportunity to reprice their stock options.

  Polluter pays principle versus the precautionary principle

Compare and contrast the two basic approaches to dealing with pollution caused by economic activity: the Polluter Pays Principle versus the Precautionary Principle.

  Monopoly-its effect on society

There're many different kinds of monopolies which exist in the market. you're going to talk about the different kind of monopolies, their place in the market, and their effect on society. please describe the following:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd