Thomas Malthus

Thomas Malthus

Thomas Robert Malthus was a famous 18th-century British economist known for the population growth philosophies outlined in his 1798 book "An Essay on the Principle of Population." Thomas Malthus was an 18th-century British philosopher and economist noted for the Malthusian growth model, an exponential formula used to project population growth. Malthus countered this belief, arguing that segments of the general population have always been invariably poor and miserable, which effectively slowed population growth. Famous naturalist Charles Darwin partially based his natural selection theory on Malthus' analysis of population growth. He is also known for developing an exponential formula used to forecast population growth, which is currently known as the Malthusian growth model.

Thomas Malthus was an 18th-century British philosopher and economist noted for the Malthusian growth model, an exponential formula used to project population growth.

Who Is Thomas Malthus?

Thomas Malthus

Thomas Malthus was an 18th-century British philosopher and economist noted for the Malthusian growth model, an exponential formula used to project population growth.
The theory states that food production will not be able to keep up with growth in the human population, resulting in disease, famine, war, and calamity.
A noted statistician and proponent of political economy, Malthus founded the Statistical Society of London.

Understanding the Ideas of Thomas Malthus

In the 18th and early 19th centuries, philosophers broadly believed that humanity would continue growing and tilting toward utopianism. Malthus countered this belief, arguing that segments of the general population have always been invariably poor and miserable, which effectively slowed population growth.

After observing conditions in England in the early 1800s, Malthus penned "An Inquiry into the Nature and Progress of Rent" (1815) and "Principles of Political Economy" (1820), in which he argued that the available farmland was insufficient to feed the increasing world population. Malthus specifically stated that the human population increases geometrically, while food production increases arithmetically. Under this paradigm, humans would eventually be unable to produce enough food to sustain themselves.

This theory was criticized by economists and ultimately disproved. Even as the human population continues to increase, technological developments and migration have ensured that the percentage of people living below the poverty line continues to decline. In addition, global interconnectedness stimulates the flow of aid from food-rich nations to developing regions.

In India, which boasts the world's second-biggest population, the Green Revolution in the state of Punjab helped feed its growing population. In western economies like Germany, which was battered during World War II, population increases did not hamper development.

Famous naturalist Charles Darwin partially based his natural selection theory on Malthus' analysis of population growth. Furthermore, Malthus' views enjoyed a resurgence in the 20th century, with the advent of Keynesian economics.

When Malthus joined the faculty as a professor of history and political economy at the East India Company's college at Haileybury, this marked the first time the term "political economy" was introduced in academic circles. 

Background of Thomas Malthus

On February 13, 1766, Malthus was born into a prominent family near Guildford, Surrey, in England. Malthus was home-schooled before he was accepted to Cambridge University's Jesus College in 1784. There he earned a master's degree in 1791 and became a fellow two years later. In 1805, Malthus became a professor of history and political economy at the East India Company's college at Haileybury.

Malthus became a fellow of the Royal Society in 1819. Two years later, he joined the Political Economy Club, along with economist David Ricardo, and Scottish philosopher James Mill. Malthus was elected among the 10 royal associates of the Royal Society of Literature in 1824. In 1833, he was elected to both the Académie des Sciences Morales et Politiques in France, as well as Berlin's Royal Academy. Malthus also co-founded the Statistical Society of London in 1834. He died in St. Catherine, near Bath, Somerset in 1834.

Related terms:

Amartya Sen

Amartya Sen is an internationally renowned economist who currently serves as Professor of Economics and Philosophy at Harvard University. read more

Economics : Overview, Types, & Indicators

Economics is a branch of social science focused on the production, distribution, and consumption of goods and services. read more

Inflation

Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy. read more

Jean-Baptiste Say

Jean-Baptiste Say was an 18th century French economist best known today for Say's Law of Markets. read more

Who Was John Stuart Mill? What Is His Theory?

John Stuart Mill was an influential 19th-century British philosopher, political economist, and author of the leading economics textbook for 40 years. read more

Ludwig von Mises

Ludwig von Mises was one of the most influential Austrian economists of the 20th century and a staunch opponent of all forms of socialism. read more

Natural Selection

Natural selection is a process whereby species that have traits that enable them to adapt in an environment survive and reproduce, passing on their genes to the next generation. read more

Robert M. Solow

Robert M. Solow is an American economist who spent his career at MIT and received the Nobel Prize in Economics in 1987. read more

Thorstein Veblen

Thorstein Veblen was an American economist best known for coining the term "conspicuous consumption," which appeared in his book "The Theory of the Leisure Class." read more