In order better to grasp the thought of Malthus, let us translate it into philosophical propositions by stripping it of its rhetorical gloss: - '''Individual liberty, and property, which is its expression, are economical data; equality and solidarity are not.' 'Under this system, each one by himself, each one for himself: labor, like all merchandise, is subject to fluctuation: hence the risks of the proletariat.' 'Whoever has neither income nor wages has no right to demand anything of others: his misfortune falls on his own head; in the game of fortune, luck has been against him.' From the point of view of political economy these propositions are irrefutable; and Malthus, who has formulated them with such alarming exactness, is secure against all reproach. From the point of view of the conditions of social science, these same propositions are radically false, and even contradictory.
About this quote
- What does it mean?
- Malthusian economic views justify individual risk and deny rights to the poor, which the author rejects as socially false.
- In plain terms
- Economics says poor people get no help, but that is wrong for society.
- What can you take from it?
- Economic logic without social care is morally flawed.
Where it applies
Putting it to work
Questions to consider
- Can markets exist without cruelty?
- Who bears economic risk?
Another view
Market principles may drive efficiency even if harsh.
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