Teori Ekonomi Thomas Robert Malthus, David Ricardo, Dan Jean Baptiste Say Serta Relevansinya Di Indonesia
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Abstract
This study discusses the classical economic thought of three main figures: Thomas Robert Malthus, David Ricardo, and Jean Baptiste Say. This study aims to describe a brief biography of the three figures, explain the core economic theories they developed, and analyze the relevance of their thoughts to the current Indonesian economic context. Malthus is famous for his population theory, Ricardo proposed the theory of labor value, income distribution, and differential rent. Meanwhile, Say is known for Say's Law (“Supply creates its own demand”). The study concludes that although the theories of Malthus, Ricardo, and Say emerged in different historical contexts, they can still serve as the basis for modern economic analysis and policy-making, especially in addressing issues of sustainable development and economic inequality.
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