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Full Glossary for The Worldly Philosophers

Malthusian Doctrine Thomas Malthus' thesis that population, unless checked, grows at a greater rate than the means of subsistence and will result in starvation.

Management The planning, coordination, and direction of production.

Marxism Communism according to the exact words and predictions of Karl Marx.

Mercantilism The doctrine which dominated European economic policies from 1500 until the advent of laissez faire through a program which stressed that the real wealth of a nation resulted from its stores of gold and silver, which could be acquired by an excess of exports to imports, self-sufficiency of the nation, and exploitation of colonies.

Monopoly Literally, "single seller"; an economic situation in which one firm controls an entire market.

Neo-Malthusianism A name originally denoting birth control.

The New Deal Social and economic reforms carried out by President Franklin D. Roosevelt between 1933 and 1939 to combat the Great Depression.


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