Question

What are the differences between Malthus's and Ricardo’s views on the possibility of general glut?

Answer 1

Ricardo viewd overproduction ( surplus) ie if there is more supply than demand , the surplus is indeed invested while mathlus argued that geneal glut exists by prooving that there will be a glut even if investment saving identity hold.Actually the crux of the discussion was that ricardo was looking at long term possibilities of stagnation but malthus was pointing at short run disqequilbrium. Most the economists fail to accept malthus claim as it was only a short run hypothesis and connot be true in long run.