IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-59820-1_5.html
   My bibliography  Save this book chapter

Malthus’s Theory of Effective Demand and Growth

In: The Classical Theory of Economic Growth

Author

Listed:
  • Walter Eltis

    (Exeter College)

Abstract

In 1820 when he published his Principles of Political Economy Malthus — with David Ricardo, the subject of the next chapter — was one of England’s two most distinguished and highly regarded political economists. The Essay on Population had run through five editions and become part of the conventional wisdom, and Malthus had also published important pamphlets and become a principal reviewer for the Edinburgh Review and subsequently for the more conservative Quarterly Review.1 From this standpoint of high reputation and prestige he attempted to correct the all but universal belief of his contemporaries that effective demand had no influence on output, and that extra thrift always resulted in faster capital accumulation and economic growth. These propositions had originated only from the time of Adam Smith, for the Mercantilists had considered demand extremely important, while the Physiocrats had believed that increasing agricultural investment and a growing demand for food were both indispensable for growth.

Suggested Citation

  • Walter Eltis, 2000. "Malthus’s Theory of Effective Demand and Growth," Palgrave Macmillan Books, in: The Classical Theory of Economic Growth, edition 0, chapter 5, pages 140-181, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-59820-1_5
    DOI: 10.1007/978-0-230-59820-1_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-59820-1_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.