http://en.wikipedia.org/wiki/Iron_law_of_wages
Ricardo and Malthus debated this in a lengthy personal correspondence. [6]
http://oll.libertyfund.org/index.php?option=com_staticxt&staticfile=show.php%3Ftitle=114&Itemid=27
About this title:
David Ricardo and T. R. Malthus shared an endearing friendship despite a contentious divergence of opinion on many political economic issues. This volume contains the formal remnants of their differences. Ricardo analyzes, issue-by-issue, his points of divergence to Malthus’s Principles of Political Economy. Malthus’s contributions to political economics generally concern his bleak forecast that a geometrically growing population would surpass the arithmetically growing capacity of essential natural resources.
Copyright information:
First published by Cambridge University Press in 1951. Copyright 1951, 1952, 1955, 1973 by the Royal Economic Society. This edition of The Works and Correspondence of David Ricardo is published by Liberty Fund, Inc., under license from the Royal Economic Society.
Fair use statement:
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
Comment: Everybody should study this discussion. E. Michael Jones makes similar points.
oogenhand 