1. What is Malthus’ theory of effective demand?
2. What is Malthus’ solution to the problem of general gluts?
3. Describe how Ricardo and Malthus came to different conclusions concerning the Corn Laws.
4. Hunt states in chapter 5 that the utility theory of value supports the social harmony view of the invisible hand in the market. Describe.
5. Describe why the labor theory of value of the classical economists supports the conflictual view of the market economy. Use examples.