He explored the idea of a general glut in his Definitions in Political Economy which, along with a work in which he proposed that rent could be a source of capital re-investment, formed his theory of surplus.
He explored the idea of a general glut in his Definitions in Political Economy which, along with a work in which he proposed that rent could be a source of capital re-investment, formed his theory of surplus. That work was The Nature of Rent. The model of exponential growth based on a constant rate of compound interest is named after him, as he had predicted that the arithmetic vs. geometric growth of two elements of society implies the need for war and disease or moral restraint. For 10 points, identify this British economist who predicted mass starvation in An Essay on the Principle of Population.
He explored the idea of a general glut in his Definitions in Political Economy which, along with a work in which he proposed that rent could be a source of capital re-investment, formed his theory of surplus.
Thomas Robert Malthus