Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
2. We have already seen in our first chapter the proofs of the
proposition, that the Value of anything whatsoever bought and sold is
determined by the Demand for it and the Supply of it then and there
present. Also we have now seen at considerable length the main phases
and grounds of the Demand for each of the three classes of Personal
services bought and sold among men. The next topic in order is the
Supply of personal services in the various markets. Here it will not
be necessary to distinguish particularly the three classes of
Services, inasmuch as the circumstances governing the Supply in each
are substantially similar.
In Economics generally we have to deal chiefly with Persons, and only
subordinately with Things; when we come to the Supply of personal
services, answering to the Demand for them on the part of other
persons, this point becomes conspicuous; and it is here, if anywhere,
within the realm of our science, that we need to devote a word to a
singular doctrine, that has been famous for nearly a century under the
term of _Malthusianism_. Thomas Robert Malthus, 1766-1836, was an
English clergyman and teacher, a wide traveller and keen observer of
men, one who divided his time during a long life between cure and
chair and the libraries of the Universities, published in 1798 his
"_Essay on the Principles of Population as it affects the Future
Improvement of Society_"; in this and in subsequent editions enlarged
and enriched, he brought out with its proofs the core of his startling
pronouncement, that the human race is found to increase in numbers in
something like geometrical progression, while the means of subsistence
for them on any given area of agriculture can only increase in
something like arithmetical proportion; the United States was then
doubling its population in 25 years, and he calculated that, at this
rate, the inhabitants of any country in five centuries would increase
to above a million times their present number, which would give
England in that time more than twenty million millions of people, or
more than could even get standing-room there; for this natural
tendency of the law of human fecundity to outstrip the results of the
law of returns from land, he saw no remedy except in checks to
population, which he divided into _the positive_ and _the preventive_,
the first of which, such as war and famine and disease, increase the
annual number of deaths; and the second of which, such as prudence in
contracting marriage and temperance after marriage, diminish the
number of births; and Malthus and his followers, among whom the famous
Thomas Chalmers was prominent, were at great pains to inculcate upon
the laboring classes the duty of later marriages and fewer children,
as an indispensable condition of their rise in comforts, and of "the
future improvement of Society."
Public-domain text, read in full here on John Shaqi.
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