Who had a different macro theory than the rest?
A)Adam Smith
B)David Ricardo
C)Malthus
D)J.B.Say

Question

Quizplus · Accepted Answer

Malthus had a different macroeconomic theory compared to the others listed. While Adam Smith, David Ricardo, and J.B. Say were generally optimistic about economic growth and the self-regulating nature of markets (with Say specifically known for Say's Law, which essentially posits that supply creates its own demand), Thomas Malthus was known for his more pessimistic views. He is most famously associated with the idea that population growth would outpace food supply, leading to poverty and famine. This perspective is quite distinct from the more growth-oriented views of the others.

Who Had a Different Macro Theory Than the Rest