Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
The second paper was written at the same time as the _Definitions in
Political Economy_, and illustrates the rule laid down there,
prescribing adherence, when possible, to the meaning which economical
terms bear in the mouths of ordinary folk.[601] The _Definitions_, for
example, repeat from (or with) the second paper, “when no second object
is specified, the value of the commodity naturally refers to the causes”
which determine “the estimation in which it is held” “and the object
which measures it.”[602] “The natural value of a commodity at any place
and time” is “the estimation in which it is held when it is in its
natural and ordinary state,” as “determined by the elementary costs of
its production,” or in other words, by “the conditions of its supply.”
And the measure of the natural value of a commodity at any place and
time is “the quantity of labour for which it will exchange at that place
and time when it is in its natural and ordinary state.”[603]
As a literary production the book written for the public is superior
to the papers prepared for the men of letters. Next to the first
_Essay on Population_, the critical parts of the _Definitions_ give
the most pleasant examples of the author’s style. The two papers above
mentioned are chiefly important as showing the importance which
Malthus, unlike Ricardo, attached to the question of a measure of
value.[604] A contemporary writer said very happily that the fault of
Ricardo was to generalize too much, and of Malthus to generalize too
little. Malthus, he added, is a keen observer but poor in analysis; he
is “so occupied with particulars that he neglects that inductive
process which extends individual experience throughout the infinitude
of things,” and converts knowledge into science. “As presented by Mr.
Ricardo, political economy possesses a regularity and simplicity
beyond what exists in nature; as exhibited by Mr. Malthus, it is a
chaos of original but unconnected elements.”[605] On the other hand,
the testimony of a recent German writer is very different. Malthus, he
tells us, resembles Ricardo in his sombre view of human life and frank
statement of unpleasant facts. Their names are often associated, and
no doubt both are children of their times. But their leanings were
really unlike. Ricardo took up certain ideas of his time in their
narrowest, clearest, and harshest form, and applied them wholly in the
interest of capital. Malthus is far less narrow. His influence on
economics has been much smaller than Ricardo’s; but he will be found
“by far the more suggestive and less prejudiced of the two,” and, if
he found more opponents, it is because he was less understood and less
read.[606] The sprightly _Dialogues_[607] of De Quincey contribute
nothing to the discussion on value; but they show how completely
Ricardo had won the ear of the literary world, and how little pains
the opponents of Malthus took to do him justice. Malthus reduced the
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