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Compare the ideas of Thomas Robert Malthus and John Stuart Mill on the stationary state in Classical Political Economy.

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Prachi Dabas
Prachi DabasLv10
29 Sep 2019
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Compare the ideas of David Ricardo and John Stuart Mill on international trade.

Discuss the labor theory of value as it evolved in Classical Political Economy.

a. Classical Political Economy distinguished use value from exchange value. Where does the labor theory of value fit into this?

b. Compare and contrast the ideas of Smith, Malthus, and Ricardo on the labor theory.

Economics has its roots as far back as the Hammurabi code, but the following are considered some of the most influential theorists.

Adam Smith
John Stuart Mill
Robert Malthus
Karl Marx
John Maynard Keynes

Pick one of the above (or find another historical economist)to investigate. Report to the discussion a topic of interest that you see that the theories (writings of these famous economists) still are followed or have application in today's world. If the economist you are interested in has already been discussed, relate the economist's work to another issue or from a different perspective.

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