Image by duncan via Flickr
by Michael Hudson
Writer, Dandelion Salad
michael-hudson.com
January 22, 2014
Part M in the Insider’s Economic Dictionary.
Malthus, Thomas Robert (1766-1834): British economist and spokesman for its landlord class. His Principles of Political Economy (1820) countered Ricardo’s critique of groundrent by pointing out that landlords spent part of it on hiring coachmen and other servants and buying luxury products (coaches, fine clothes and so forth), thus providing a source of demand for British industry, and part capital improvements to raise farm productivity. Continue reading
Dandelion Salad 