Word: desirableâ
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...long run would get only the bare minimum necessary to keep themselves and their families alive. If they temporarily should earn more, they would breed so many children that competition for jobs eventually would drive wages down again. Ricardo did not think that this state of affairs was desirable???only inevitable. Nonetheless, he and Malthus earned for capitalist economics a name that it has never shaken; Thomas Carlyle had them in mind when he referred to "Respectable Professors of the Dismal Science...
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