Thomas Robert Malthus was a British cleric and scholar best known for An Essay on the Principle of Population, first published in 1798. He argued that population tends to grow geometrically while the food supply that sustains it can grow only arithmetically, so that population is checked, sooner or later, by famine, disease, or war unless growth is restrained. Malthus is conventionally grouped with the classical economists, though his pessimism about long run growth set him apart from Adam Smith and David Ricardo, with whom he carried on a long and detailed correspondence about rent, gluts, and trade policy.
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Thomas Malthus
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Associated With School
Malthus is grouped with the classical school by convention, though his conclusions about population and long-run growth diverge sharply from the optimism of Smith and Ricardo.
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Concepts Originated
Source The New Palgrave Dictionary of Economics
Debated With
Ricardo and Malthus corresponded from 1817 onward in what historians call the Malthus-Ricardo debate, disagreeing over rent theory, the possibility of general economic gluts, and the Corn Laws, with Malthus favoring protection for British agriculture and Ricardo favoring free trade. A contemporary described the two as holding different shades of opinion rather than belonging to diverging camps.
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Wikimedia Foundation- Infobox, Thomas Robert Malthus
- Thomas Robert Malthus
Infobox, death_date
1834-12-29
- Associated With School: Classical Economics
View the Source The New Palgrave Dictionary of Economics
Palgrave Macmillan- Malthus, Thomas Robert
Concepts Originated: Diminishing Marginal Returns, Diminishing returns
The classical law of diminishing returns on land was developed by Malthus and Ricardo to explain why agricultural output could not keep pace with population growth.
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