Thursday, February 20, 2014

In Defense of Malthus

Malthus' study of preventive checks, which covered regions around the globe and in various stages in mankind's history, was a study of human agents making conscious, rational decisions calculated to maximize their own self-interest and the interest of their potential offspring. It was the examination of how individuals check their own behavior for their own benefit that elevated Malthus' Essay beyond a simple mathematical description of population growth, and into a work of economic theory and practice that was remarkably innovative for its day and well-respected by contemporary economists like Adam Smith and David Ricardo. However, this aspect of the Essay was ignored, misunderstood, or derided in much of the rest of society.

It is the interplay of both positive and preventive checks that, according to Malthus, keep human population from actually growing at a geometric rate. Although at some times and places when the means of subsistence suddenly expands greatly, as was the case when North American settlers were spreading across a continent of largely uncultivated land, populations could grow unimpeded by significant checks, eventually that growth would be met by a limitation on the amount of food that the land could produce. The impending food scarcity would, without a preventive check, generate positive checks in the form of food shortages, hunger, and poverty. However, thanks to mankind's cognitive abilities, people would see these dire consequences and, before they arose, impose on themselves a preventive check in the form of having fewer children. In this way, population would usually hover close to, but not go beyond, the means of subsistence.


- Read the whole fascinating piece of history here ; a different version of cable television a.k.a character assignation did exists in 1800's as well.

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