Investing · Western classics
Thomas Malthus:An Essay on the Principle of Population, Excerpt 165
Thomas Malthus《An Essay on the Principle of Population》· An Essay on the Principle of Population · Investing
The argument, perhaps, appears clearer when applied to China, because it is generally allowed that the wealth of China has been long stationary. With regard to any other country it might be always a matter of dispute at which of the two periods, compared, wealth was increasing the fastest, as it is upon the rapidity of the increase of wealth at any particular period that Dr Adam Smith says the condition of the poor depends. It is evident, however, that two nations might increase exactly with the same rapidity in the exchangeable value of the annual produce of their land and labour, yet if one had applied itself chiefly to agriculture, and the other chiefly to commerce, the funds for the maintenance of labour, and consequently the effect of the increase of wealth in each nation, would be extremely different. In that which had applied itself chiefly to agriculture, the poor would live in great plenty, and population would rapidly increase. In that which had applied itself chiefly to commerce, the poor would be comparatively but little benefited and consequently population would increase slowly.
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https://www.gutenberg.org/ebooks/4239
Locator:Excerpt 165 · Verified:2026-10-19 · Verification:Short excerpt
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