Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
with him in the admission above quoted, that increase of wealth might go
to fixed capital instead of wages.[676] Orthodox economy became most
abstract when on the death of Ricardo in 1823 its doctrines passed into
the hands of the Minor Prophets.
In the last ten years of his life Malthus made no serious change in his
economical views, and approached no nearer to the Ricardians. They were
years when economists and political reformers had not learned to work
together so harmoniously as they were to do after his death. Huskisson’s
changes in commercial policy were preparing the way in high quarters for
free trade. The sliding scale of corn duties introduced in 1826 pointed
on the whole in the same direction. But the agitation of the humbler
classes for political freedom, made solid as it was by an appreciable
progress in popular education,[677] and kept within bounds of law by the
influence of Cobbett,[678] went on in a way apart; and it will be
remembered how Chartism stood aloof from the Anti-Corn-Law League. A man
might be an advanced economist and social reformer and a reactionary in
politics. In 1824, when trades unions were for the first time allowed by
law and the Factory Acts were still too imperfect to give the weak a
fair chance against the strong, the “natural state of things,” free
development of individual and national faculties, did not exist; and
Malthus, who missed them keenly, would have been much amazed to hear
that his doctrines were, like Ricardo’s, a vindication of things as they
are. Not only the notorious fact of his opposition to Ricardo, but his
views on commercial policy are against the notion.[679] At the Peace
there were many fallacies current about wages. The new Corn Law of 1815
had inaugurated the aggressive policy of the agricultural interest, who
frankly endeavoured, by forms of law, to convert an occasional scarcity
into a permanent one, and keep prices at 80_s._ a quarter. Not a few
false friends of the working man recommended him to countenance the law
and let his bread be made dear, for then, said they, his wages would be
made high. Many manufacturers, on the other hand, were declaring the
interest of the country to be low wages, and, unto that end, cheap food
and a great population. Malthus was with neither. His partial approval
of the new Corn Law was no doubt based on erroneous grounds; but he held
no such mistaken views of wages. His opinion, if not sufficiently
obvious from his general views of population, was laid down explicitly
in all his writings. He says, for example: “If a country can only be
rich, by running a successful race for low wages, I should be disposed
to say at once ‘Perish such riches!’”[680] “It is most desirable that
the labouring classes should be well paid, for a much more important
reason than any that can relate to wealth, namely, the happiness of the
great mass of society.”[681] Being asked, “In a national point of view,
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account