Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
The real opinion of Malthus came out in the second Corn Law pamphlet on
the _Grounds of an Opinion on the Policy of restricting the Importation
of Foreign Corn_ (1815). Between the two came the tract on Rent, which
is rather an economical book than a political pamphlet, and will be
noticed immediately. He now declares himself in favour of a temporary
duty on imported corn to countervail the artificially low value of the
currency,—“to get rid of that part of our prices which belongs to great
wealth, combined with a system of restrictions.”[513]
He warns the Government that they should not take such a step to benefit
a particular trade, but only to benefit the public. The motives are
those constantly professed by defenders of the Navigation Act—not
private interests but public policy. Since he wrote his _Observations_
circumstances had changed. The sudden peace had brought the then
unprecedented combination of a bad harvest and low prices; the value of
the currency had fallen fast; and last, and not least, France, the best
corn country in Europe, had begun to prohibit the exportation of
grain[514] in dear years. We must therefore, he says, keep up the high
farming which the war taught us, by keeping up the high prices of the
war. Eighty shillings might not be too high a price, for the limit of
prohibited importation.
It seems extraordinary that, after so clearly recognizing that “wealth
does not consist in the dearness or cheapness of the usual measures of
value, but in the quantity of produce,” and that exports are not so good
a criterion of wealth as the “quantity of produce consumed at
home,”[515] Malthus should recommend the increase of abundance by means
of artificial dearness. It is a poor consolation to us that he was no
worse than Brougham, who voted for the Corn Law in 1815, and for the
support of the Navigation Act in 1849,—and little worse than Ricardo,
who would allow a temporary restriction for the sake of
leaseholders.[516] A better is that he was advocating a policy that was
against his private interests as a holder of a fixed salary and owner of
three per cents.[517] But at the best the atmosphere of these two tracts
is a little depressing.
The tract on Rent is more bracing. It was the first-fruits of the larger
work on _Political Economy_ (1820); and its substance had been delivered
in the professor’s lectures at Haileybury. It expounds the _Nature and
Progress of Rent_ with clearness and intelligibility, if without the
liveliness of 1798. Malthus gives us to understand that, to explain this
or any other economical notion, we must keep as closely as possible to
the usage of ordinary language, the language of clear-thinking ordinary
men.[518]
Public-domain text, read in full here on John Shaqi.
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