Write a 4-5 pages essay, pick one of the following two prompts: Please also subm – graduate researcher

Write a 4-5 pages essay, pick one of the following two prompts:
Please also submit a page listing your thesis, arguments and evidence at the end of your essay.
1) Develop a thesis about how whether either Ricardo, Malthus or Mill have stood the test of time. As a guideline, please include the following discussion about the author you choose:
a. The major contributions of this author to the classical economic thinking.
(You can be very brief about the contributions unrelated to your thesis – for example, just list them – and focus on the contribution related to your thesis)
b. How has the historical and intellectual context in which the author lived influenced his work?
c. How has his work survived the test of time? Here, discuss not only the validity of the assumptions and predictions of his models, but also his major concerns regarding the development of the economy. Have his concerns been resolved and/or have shifted in any way, or have they taken new forms? For example, is the scarcity principle still important in today’s economy, namely applied to agriculture and, perhaps more importantly natural resources more broadly considered? How has the distribution of income between the various groups of economic agents evolved and why? Have the wages of the lower rank workers caught up with the rest of the economy? Is population growth still a cause of concern? If so, in what respects? What about the policies aimed at alleviating poverty, how effective are they?
2) Develop a thesis relating two or more, authors studied including at least Ricardo, Malthus or Mill. In your discussion include:
a. How the work of the chosen authors on the particular issue(s) you decided to focus on is different or similar and why. Is one author “more correct” than the other in light of modern economic theory and/or economic development? Is this still relevant today? Why?
b. How has the historical and intellectual context in which the authors lived influenced their work, and perhaps their differing perspectives?
c. How has their work survived the test of time? Here, discuss not only the validity of the assumptions and predictions of their models, but also their major concerns regarding the development of the economy. Perhaps their models no longer apply, but their concerns remain valid. So, have their concerns been resolved and/or have shifted in any way, or have they taken new forms? For example, are we experiencing declining marginal productivity
1! in agriculture or natural resource use? How has the distribution of income between the various groups of economic agents evolved and why? How is it likely to evolve in the future? Have the wages of the lower rank workers caught up with the rest of the economy? Is population growth still a cause of concern? If so, in what respects? What about the policies aimed at alleviating poverty, how effective are they?
In addition to the sources used in class, you are welcome and encouraged to use outside sources. I post some sources for background reading for this essay on Canvas. You may include additional sources, but that is not required.