What is optimistic theory of population?
Malthusianism is the idea that population growth is potentially exponential while the growth of the food supply or other resources is linear, which eventually reduces living standards to the point of triggering a population die off.
What is Marxian theory of distribution?
In Marx’s explanation of functional income distribution, wages are given as a basket of goods needed for the reproduction needs of the working class. Profits are then the remaining part of income creation. Here the profit rate is given by processes in the financial market, and, among other things, by the interest rate.
What is population theory in economics?
Thomas Malthus was an 18th-century British philosopher and economist noted for the Malthusian growth model, an exponential formula used to project population growth. The theory states that food production will not be able to keep up with growth in the human population, resulting in disease, famine, war, and calamity.
What is the theories of population?
Sociologists have long looked at population issues as central to understanding human interactions. Below we will look at four theories about population that inform sociological thought: Malthusian, zero population growth, cornucopian, and demographic transition theories.
What are the three theory of population?
The theories are: 1. The Malthusian Theory of Population 2. The Optimum Theory of Population 3. The Theory of Demographic Transition.
What are the contribution of Karl Marx in economics?
Among his well known theories is the labor theory of value (LTV) which argues that the economic value of a good or service is determined by the total amount of socially necessary labor required to produce it. Political economics based on the writings of Karl Marx is known as Marxian economics.
What is Marxist theory of population?
Marx suggested that for population control fall of capitalism is the only mean and distributive justice, state control over resources can mitigate the food crisis. Thus his theory is the socio-economic model of population control.
Which population theory is best?
(1) The Malthusian law is a general study of the population problem because it is applicable to all countries irrespective of their economic conditions. The optimum theory is superior to the Malthusian theory because it studies the population problem in relation to the economic conditions of a particular country.
Why is Karl Marx’s theory of surplus unrealistic?
Marx proves scientifically that the appearance of capitalist surplus population is not due to the abstract numerical ratio relation proposed by Mathus in which natural reproduction of humanity takes the geometric progression and the increase in the means of subsistence the arithmetic, but is the result of capitalist …
How is the Marxian theory of population growth applicable?
There are many socio-economic factors which are responsible. Population growth does not necessarily due to a decrease in wages, this may occur due to improved medical facilities. The theory of Marx is applicable only in capitalist society and not in other societies.
Who was the founder of the theory of population?
The Marxian theory of population. The Marxian theory of population. Karl Marx (1818-1893) was a German philosopher and founder of modern communism. His theory of population was christened as theory of surplus population. Karl Marx completely rejected Malthusian theory.
Why did Karl Marx develop the principle of population?
Malthus’ claim in An Essay on the Principle of Population (1798) that population growth was the primary cause of subsistence level wages for laborers provoked Marx to develop an alternative theory of wage determination.
Which is the best description of Marxian economics?
Marxian economics is a school of economic thought based on of the work of 19th-century economist and philosopher Karl Marx. Marxian economics focuses on the role of labor in the development of an economy and is critical of the classical approach to wages and productivity developed by Adam Smith.