Compare and contrast the Malthusian and Ricardian positions on the Corn Laws

Answer fully the following five questions and you may use the uploaded book: 1) Compare and contrast the Malthusian and Ricardian positions on the Corn Laws. How does the Ricardian position resemble modern neoclassical theories (and more antiquated Smithian theories) of exchange? 2) Discuss the importance of Smith’s “Pin Factory” allegory and relate it to the neoclassical theories of individual exchange and ultimately international trade. 3) Discuss how Hume’s Price/Specie Flow Mechanism relates to modern macroeconomic theory and, in particular, the “neutrality” of money as understood by laissez faire macroeconomic theories put forth in the 20th Century by Robert Lucas or Milton Friedman. What would Keynes think of “money neutrality”? Discuss. 4) Graphically represent the Monetarist criticism of Keynesian macroeconomic policy intervention and describe the manner in which Friedman believes macro-equilibrium is achieved. What are the results of Keynesian policy in this framework? How would Keynes retort to Friedman’s criticisms? 5) Keynes is often referenced as the father of the modern welfare state and was derided as a “socialist” by his contemporaries. How would Keynes respond to these allegations? Be sure to reference question 1 in your answer