Classical economists: Malthusian myths and truths

Classical economists: Malthusian myths and truths

Malthus is a thinker who’s ideas are often talked about in jest these days. His projections of human misery and starvation on the back of a population boom are used to justify his ridicule. Yet as this piece over at Grant McDermott’s blog describes, there is much more than what often meets the eye, when it comes to Malthus. For while Malthus did worry about humanity’s capacity to feed itself, this fear was not drawn up out of thin air, yet from Matlhus’ recorded, empirical observations at the time. Furthermore and contrary to popular opinion, Malthus was not blindly committed to the notion that population growth would exponentially outstrip food supplies. As Malthus himself wrote: “in no state that we have yet known has the power of population been left to exert itself with perfect freedom.” For more, check the original piece...