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" "Robbed of a foundation of political philosophy on which it had based itself, economics is in great danger of becoming a plaything of lordship and its exclusive hold on political services and philosophical concepts.
Eric Roll CB, KCMG (1 December 1907 – 30 March 2005) was an economist, public servant, and banker. He was made a life peer in 1977.
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One thing which is striking in Malthus's theory is his insistence on contradictions and conflicts in the capitalist system. The system is shown not to be self-adjusting. Unless a large class of unproductive consumers was maintained, periodic over-production and stagnation would inevitably occur.admitting the possibility of unsuccessful systems and recognizing its causes. Showing a strong stance against capitalism and explaining its success depends on slowing down of making more productive populations, a counter-intuitive argument
Whatever his merits as an economist, Hume's place as one of the foremost exponents of capitalism is clearly established. His views on the landed interest and his recognition of self-interest and his desire for accumulation as the driving forces of economic activity in his time helped to consolidate the forces that were struggling to add political power to the economic supremacy which they had already achieved.
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