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Books That Shook the Business World: An Essay on the Principle of Population by Thomas Robert Malthus

7 1
22.07.2024

Thomas Robert Malthus is remembered for the gloomiest theory proposed in just about any discipline. The story begins in 1793, when the English journalist and philosopher William Godwin published a book called An Enquiry Concerning Political Justice. It predicted a utopian future and became a classic of philosophical anarchism.

One of its admirers was a wealthy landowner named Daniel Malthus. He debated its merits with his adult son, Thomas, a clergyman and Cambridge scholar. Few family debates end as gainfully. Thomas wrote down his counterargument, which was published in 1798 as An Essay on the Principle of Population.

Welcome to our new series on key titles that have helped shape business and the economy – as suggested by Conversation writers. We have avoided the Marxes and Smiths, since you’ll know plenty about them already. The series covers everything from demographics to cutting-edge tech, so stand by for some ideal holiday reading.

The core thesis was that any improvements in food production would quickly be overwhelmed by population growth. Advances made today would just increase the population tomorrow, meaning more mouths to feed. Since the amount of agricultural land was finite, population growth would inevitably drag most people back to bare subsistence level. Humanity was thus caught in an eternal trap.

While the data available to Malthus was severely limited, the historical record seemed to be on his side. Centuries had passed in Britain without any perceptible increase in living........

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