Wednesday, November 1, 2023

Article 01

    Beyond the Theory: 

The Life and Legacy of Malthus

"No limits whatever are placed to the productions of the earth;
 they may increase forever."

  • Thomas Robert Malthus is a renowned British Economist, who was well-known for the famous theory of Malthusianism. He was born on 13th February 1766 in Surrey, United Kingdom.
  • Malthus belonged to a prosperous family where his father held a strong liberal idea influenced by philosophers.
  • He was educated at Jesus College, Cambridge and graduated in 1788.
  • Thomas Malthus was a demographer, who presented his most influential work through his book, “An Essay on the Principle of Population”.
  • This book addressed social phenomena like excessive growth of population, famine, and poverty.
  • Thomas Malthus joined the Political Economy Club after being admitted as a member of the Royal Society in 1819. There, he collaborated on projects with other economists like David Ricardo & James Mill.
  • Malthus was one of the co-founders of the London Statistical Society.
  • Three factors affected the formation of Malthusianism theory:

  1. The pressure of population on England’s food supply.
  2. Increasing poverty of the lower-income classes.
  3. To prove that the basic views of the writers, William Godwin and Marquis De Condorcet are not correct.

Malthusian Theory of Population

  • Malthusian Theory was developed in the context of classical economics.
  • Malthusian Theory is about population growth and its impact on resources and living standards. Malthus argued that the population will grow in a geometric progression while the food production will grow in an arithmetic progression.
  • As a result of this disparity between population growth and food production, population growth would eventually hit a limit, leading to a crisis characterized by famine, diseases, wars and other forms of suffering.

Written By: W.R Hansani, W.A.I Shavindi, J.Rajapaksha

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