British political economist (1766–1834)
Thomas Robert Malthus (13 February 1766 – 29 December 1834) was an English demographer and political economist best known for his pessimistic but highly influential views on population growth.
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Native Name:
Thomas Malthus
Alternative Names:
Thomas R. Malthus
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When Hume and Adam Smith prophesied that a little increase of national debt beyond the then amount of it, would probably occasion bankruptcy; the main cause of their error was the natural one, of not being able to see the vast increase of productive power to which the nation would subsequently obtain.
I know of no well-directed attempts of this kind, except in the ancient family of the Bickerstaffs, who are said to have been very successful in whitening the skins and increasing the height of their race by prudent marriages, particularly by that very judicious cross with Maud, the milk- maid, by which some capital defects in the constitutions of the family were corrected.
The lower classes of people in Europe may at some future period be much better instructed then they are at present; they may be taught to employ the little spare time they have in many better ways than at the ale-house; they may live under better and more equal laws than they have hitherto done, perhaps, in any country; and I even conceive it possible, though not probable, that they may have more leisure; but it is not in the nature of things, that they can be awarded such a quantity of money or substance, as will allow them all to marry early, in the full confidence that they shall be able to provide with ease for a numerous family.
If one fourth of the capital of a country were suddenly destroyed, or entirely transferred to a different part of the world, without any other cause occurring of a diminished demand for commodities, this scantiness of capital would certainly occasion great inconvenience to consumers, and great distress among the working classes; but it would be attended with great advantages to the remaining capitalists.