Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
The commercial policy of England has become what Malthus describes in
the latter part of the _Essay on Population_ as a combination of the
agricultural and the commercial systems. His views on this subject
became modified as he grew older. In the second edition he says:[557]
“Two nations might increase exactly with the same rapidity in the
exchangeable value of the annual produce of their land and labour;
yet ... in that which had applied itself chiefly to agriculture, the
poor would live in greater plenty, and population would rapidly
increase; in that which had applied itself chiefly to commerce, the poor
would be comparatively but little benefited, and consequently population
would either be stationary or increase very slowly.” “In the history of
the world the nations whose wealth has been derived principally from
manufactures and commerce have been perfectly ephemeral beings compared
with those the basis of whose wealth has been agriculture. It is in the
nature of things that a state which subsists upon a revenue furnished by
other countries must be infinitely more exposed to all the accidents of
time and chance than one which produces its own.”[558] It is not, he
thinks, because of her trade, but because of her agriculture that
England is so rich in resources; it is not without danger that our
commercial policy has diverted capital from agriculture into manufacture
and commerce. About the middle of the eighteenth century we were
strictly an agricultural nation, and we were safe, for in a country
whose commerce and manufacture increase from and with the improvement in
agriculture there is no discoverable germ of decay. But all is changed
now; and there is reason to fear that our prosperity is temporary, and
we have only risen by the depression of other nations.[559] When the
nations that now supply us with cheap corn shall have prospered like
ourselves and increased their population till corn is dear among them,
then we shall be ruined. The evils of scarcity are so dreadful that it
is worth our while to give special encouragements to agriculture, and,
in order to be certain to have enough, to have in general too much.[560]
Otherwise “we shall be laid so bare to the shafts of fortune that
nothing but a miracle can save us from being struck.”[561] “If England
continues yearly her importations of corn, she cannot ultimately escape
that decline which seems to be the natural and necessary consequence of
excessive commercial wealth; and the growing prosperity of those
countries which supply her with corn must in the end diminish her
population, her riches, and her power,”—not indeed in the next twenty or
thirty years, but “in the next two hundred or three hundred.”[562] In
1803 Malthus had much in common with the author of _Great Britain
independent of Commerce_, to say nothing of the French economists. He
cannot be said to have entirely lost the bias in favour of Agriculture
in later years. In the _Political Economy_, reviewing the last five
Public-domain text, read in full here on John Shaqi.
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