Investing · Western classics

Thomas Malthus:An Essay on the Principle of Population, Excerpt 152

Thomas Malthus《An Essay on the Principle of Population》· An Essay on the Principle of Population · Investing

The labour created by luxuries, though useful in distributing the produce of the country, without vitiating the proprietor by power, or debasing the labourer by dependence, has not, indeed, the same beneficial effects on the state of the poor. A great accession of work from manufacturers, though it may raise the price of labour even more than an increasing demand for agricultural labour, yet, as in this case the quantity of food in the country may not be proportionably increasing, the advantage to the poor will be but temporary, as the price of provisions must necessarily rise in proportion to the price of labour. Relative to this subject, I cannot avoid venturing a few remarks on a part of Dr Adam Smith's Wealth of Nations, speaking at the same time with that diffidence which I ought certainly to feel in differing from a person so justly celebrated in the political world.

Source: https://www.gutenberg.org/ebooks/4239
Locator:Excerpt 152 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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