Thoeries of Economist

In This essay I will explain the theories of six different economists. The six economists are Thomas Malhtus, Adam Smith, Karl Marx, David Ricardo, John Maynard Keynes, and Henry Ford. Each one of these economists has a unique view on our economy, otherwise known as their theories.
Thomas Malthus was an economist with a soft spot for the poor. Malthus was extremely concerned about the rate of population growth and food production. Malthus concluded that a large portion of humanity was doomed to a life of misery. He opposed legislation to provide relief and housing for those living in poverty. Some people believed such aid would simply encourage the poor to have more children and worsen their lot. Critics believed his theory would only worsen population growth. You can read more about his concerns on population in his famous ‘Essay on Population’.
In 1776 Adam Smith earned the title, “The Father of Economics.” His novel, The Wealth of Nations, was also published this year, ...