Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
even if it were admitted that the low rate of wages was an advantage to
the capitalist, do you think it fitting that labour should be kept
permanently in a state bordering on distress, to avoid the injury that
might accrue to the national wealth from diminishing the rate of
profit?” he answered, “I should say, by no means fitting; I consider the
labouring classes as forming the largest part of the nation, and
therefore that their general condition is the most important of
all.”[682]
He thinks, however, that the change from low to high wages might quite
possibly so reduce profits as to make trade unprofitable. We might need
to sacrifice something of our commercial prosperity. He cannot rise to
the conception of a society in which the entire body of workmen as
consumers would be a sufficient market for the same body as producers.
He cannot rid himself of the idea that a body of unproductive consumers
is a social necessity, to give a stimulus to production by developing
the wants which the manufactures are to satisfy. It seems easy to answer
that those unproductive consumers can only pay for the manufactures by
means of other products, whencesoever obtained, and there seems no
reason why their producers should not obtain them.[683] If the workmen
themselves had the wants and supplied them by their own labour, all the
results that Malthus desires would be obtained without invidious
distinctions of classes, and with distinct improvement in the condition
of the workmen. His aims, at least, were good. The indispensable leisure
would be secured if the hours of labour were shortened, as he desired
them to be. “I have always thought and felt that many among the
labouring classes in this country work too hard for their health,
happiness, and intellectual improvement.”[684] The general wealth
therefore, if need be, must be sacrificed to the general happiness.
Factory Acts that would prevent children from labouring too young or too
long[685] he thoroughly approves; though such Factory Acts as would
interfere with adult labour he considers an injustice to the work-people
themselves, and a hopeless interference with “the principles of
competition, one of the most general principles by which the business of
society is carried on.”[686] The salvation of the labouring classes must
come from themselves, from their own “simultaneous resolution to work
fewer hours in the day.” But trades unions, as we now know them, had not
then come into being; and he talks of a future improvement of the
working classes in knowledge, comfort, and self-restraint,[687] with
much hesitation.
We have seen that the economics of Malthus, whether in relation to the
landlords, the employers, or the workmen, are by no means identical with
the economics of Ricardo and his school, which have been the ruling and
orthodox doctrine for the first half of the nineteenth century.
Public-domain text, read in full here on John Shaqi.
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