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Monday, 21 December 2009

Thomas Robert Malthus

Thomas Robert Malthus was born into a wealthy family on 14 february 1766 at Rookery near Dorking, Surrey. Malthus’s Essay on Population grew out of some discussions which he had with his father respecting the perfectibility of society. Malthusian theory of population was incorporated into contemporary systems of economics. It

  • Acted as a brake on economic optimism
  • Helped to justify a theory of wages that made the minimum cost of subsistence of the wage earner a standard of judgment
  • Discouraged traditional forms of charity

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