Excerpt from Observations on the Effects of the Corn Laws: And of a Rise or Fall in the Price of Corn on the Agriculture and General Wealth of the Country A Revision of the Corn Laws, it is understood, is immediately to come under the consideration of the legislature. That the decision on such a subject, should be founded on a correct and enlightened view of the whole question, will be allowed to be of the utmost importance, both with regard to the stability of the measures to be adopted, and the effects to be expected from them. For an attempt to contribute to the stock of information necessary to form such a decision, no apology can be necessary. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Rev. Thomas Robert Malthus FRS was an English cleric and scholar, influential in the fields of political economy and demography. Malthus himself used only his middle name Robert.
His An Essay on the Principle of Population observed that sooner or later population will be checked by famine and disease, leading to what is known as a Malthusian catastrophe. He wrote in opposition to the popular view in 18th-century Europe that saw society as improving and in principle as perfectible. He thought that the dangers of population growth precluded progress towards a utopian society: "The power of population is indefinitely greater than the power in the earth to produce subsistence for man". As an Anglican cleric, Malthus saw this situation as divinely imposed to teach virtuous behaviour. Malthus wrote:
That the increase of population is necessarily limited by the means of subsistence, That population does invariably increase when the means of subsistence increase, and, That the superior power of population is repressed, and the actual population kept equal to the means of subsistence, by misery and vice.
Malthus placed the longer-term stability of the economy above short-term expediency. He criticized the Poor Laws, and (alone among important contemporary economists) supported the Corn Laws, which introduced a system of taxes on British imports of wheat. His views became influential, and controversial, across economic, political, social and scientific thought. Pioneers of evolutionary biology read him, notably Charles Darwin and Alfred Russel Wallace. He remains a much-debated writer.
While I am not sure how many of the insults thrown at Adam Smith were necessary, I did enjoy reading an opposing view. I think the good Reverend had forgotten that Adam Smith simply wrote about his observations of the correlation between the price of silver and the quantities of corn in 1776 he was not making predictions about how those correlations would act in the 1840's
Throughout the first half of the 19th century, British agricultural policy was governed by the Corn Law, which protected British cereal producers from cheaper import competition.
Thomas Malthus fiercely attacked the legislation as protectionist and counter-productive in a text which, as the spectre of protectionism threatens to make its way back into public policy, is once again very relevant.