“The proposition of Mr. Ricardo, which states that a rise in the price of labour lowers the price of a large class of commodities, has undoubtedly a very paradoxical air; but it is, nevertheless, true, and the appearance of paradox would vanish, if it were stated more naturally and correctly.”
Quote by Thomas Malthus
Work
Principles of Political Economy: Considered with a View to Their Practical Application
This book delves into the fundamental principles of political economy, exploring the interplay between economic theory and real-world applications. It examines the practical aspects of economic policies and their impact on society, providing a detailed analysis of economic phenomena and their implications for economic development. more
Author
Thomas Malthus
Thomas Malthus, a British economist and demographer, was born on February 14, 1766, in Surrey, England, and died on December 23, 1834. Malthus is known for his theory of population, which posits that population growth will outstrip food supply, leading to poverty and suffering. more
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Source: Principles of political economy considered with a view to their practical application
Source: Principles of Political Economy: Considered with a View to Their Practical Application
“It is not the most pleasant employment to spend eight hours a day in a counting house.”
Source: Principles of Political Economy: Considered with a View to Their Practical Application