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Smith or Malthus? A Sea-Change in the Concept of a Population

Bibliographic Data

ID4120301
AuthorsPhilip Kreager (0000-0002-9553-2936, corresponding author)
Year2022
Volume48
Issue3
Pages645-688
Publication date2022-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePopulation and Development Review (JOURNAL)
Journal identifiersISSN: 0098-7921 • E-ISSN: 1728-4457
PublisherWiley (PUBLISHER • GB)
DOI10.1111/padr.12488
OpenAlexW4220811974
LanguageEN
Citations received1
References cited33

This two-part article offers a critical appreciation of Malthus's political economy of population to mark the bi-centenary of hisPrinciples of Political Economy(1820). His general economic theory emerged after the first four editions of his famous Essay, in three steps: (1) a rapidly produced series of essays on tariffs, rents, and capital mal-distribution (1814-1815); (2) consequent revision of the economic basis of the Essay (1817); and (3) formal statement in the Principles. His main economic writings thus belong to a later, more mature period of his work, and their evolution is of particular interest for demography on three counts. One is that his rethinking was stimulated directly by the need to rectify serious deficiencies he had come to recognize in the Essay. Second, this makes his later thought of more direct interest to today's study of population and development. Third, all three steps began in, and were sustained by, dialogue with Adam Smith's Wealth of Nations. The dialogue led to further thinking beyond the Essay, with major innovative developments. Comparison to the Smithian baseline shows (1) that the familiar stereotype of Malthus as prophet of population-laden disaster is seriously incomplete; and (2) capital distribution replaces population distribution as a mechanism of growth, inducing a radical change in the concept of population

Capital (architecture · Capital accumulation · Distribution (mathematics · Economic rent · Economics · Economy · Market economy · Neoclassical economics · Political economy · Political science · Politics · Population · Population growth · Positive economics · Sociology · Demography · Economic Theory and Policy · Historical Economic and Social Studies · History · Law · Political Economy and Marxism

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Unique citing works1
Citations per year1
Citation span2025 - 2025 (1)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 1
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