Chapter

The political economy of stable growth

in Malthus

Published in print June 2013 | ISBN: 9780199670413
Published online September 2013 | e-ISBN: 9780191778360 | DOI: https://dx.doi.org/10.1093/actrade/9780199670413.003.0006

Series: Very Short Introductions

The political economy of stable growth

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‘The political economy of stable growth’ examines The Principles of Political Economy, which was based on Malthus's belief that ‘the science of political economy bears a nearer resemblance to the science of morals and politics than to that of mathematics’. From the outset of his career as a political economist Malthus was prepared to question the unqualified application to policy of any single system or principle. It was his concern with what happens in the process of adjusting from one constellation of economic forces to another which lends a consistently dynamic dimension to Malthus's work as a political economist.

Keywords: capital accumulation; Marquis de Condorcet; William Godwin; David Hume; John Maynard Keynes; law of diminishing returns; Thomas Robert Malthus; political economy; public works; David Ricardo; Say's law

Chapter.  6085 words.  Illustrated.

Subjects: Intellectual History ; History of Economic Thought ; Political Economy ; Population and Demography

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