Malthus

1820 · rif. 66825 — London: John Murray 1820. If Only Malthus Instead of Ricardo Had Been the Parent Stem From Which Nineteenth-Century Economics Proceeded What a Much Wiser and Richer Place the World Would be Today" MALTHUS Thomas Robert. Principles of Political Economy. Considered with a View to Their Practical Application. London: John Murray 1820. First edition. Octavo. vi 12-601602. Original boards uncut. With original paper label on spine. Hinges expertly and almost invisibly repaired. Old bookplate from "The Library of Victoria" with no other library markings. A very clean copy internally fine. Very scarce in original boards. Housed in a custom quarter black morocco clamshell gilt-stamped. First edition of Malthus' principal contribution to economic theory. Schumpeter describes Malthus' work in relation to that of his predecessors Adam Smith and Ricardo as follows: "Ricardo's work.started with the Wealth of Nations and recoined the latter's theoretical contents by a method that centered in the concept of value. Exactly the same thing is evidently true of the work of Malthus.except for his theory of saving and investment which on the face of it seems to be Malthus's own all the elements that enter into the analytic apparatus of that work and even its terminological arrangements point to the First book of the Wealth of Nations. Only whereas Ricardo recoined the doctrine of Wealth by means of the labor-quantity theory of value Malthus recoined it by the means of the theory of value that A. Smith actually used namely the theory of supply and demand.whereas Ricardo's analytic apparatus is geared to the problem of distribution.Malthus. geared his apparatus to the analysis of the whole economic process.Therefore Malthus should.stand in the history of analysis not only as the author of a valid alternative to Ricardo's theory but as the sponsor or rather as one of the sponsors of the victorious one." "Although Malthus is best known for the views on population contained in his Essay on Population.there can be no doubt that his importance for economists today rests mainly on his Principles of Political Economy 1820. It was because of the latter work that J. M. Keynes reinstated Malthus as a major figure in modern economic thought". New Palgrave. Cress C577. HBS 66825. $6500. John Murray unknown books