Books

Boston: Wells and Lilly, 1821-01-01. First Edition. Hardcover. Very Good. First American edition. Bound in marbled boards, spine rebacked in modern leather. Burgundy Moroccan leather spine label. Clean, unmarked pages. Marginal browning to pages. Internally very good. The first English edition was printed by John Murray in 1820, this is the 1st American edition printed in 1821 in Boston.J.M. Keynes "argued that Malthus's theory of effective demand provided a scientific explanation of unemployment, and that the hundred-year domination of Ricardo over Malthus had been a disaster for the progress of economics. Keynes believed that if economics had followed Malthus ... the world would be a much wiser and richer place" (ODNB). The last chapter of the book was devoted to rebutting Say's law, and argued that the economy could stagnate with a lack of "effectual demand". In other words, wages if less than the total costs of production cannot purchase the total output of…

This work by Thomas Robert Malthus discusses the economic theories related to production and distribution of wealth, providing a critique of contemporary economic theories.