Investing · Western classics

Thomas Malthus:An Essay on the Principle of Population, Excerpt 167

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

Suppose that two hundred thousand men, who are now employed in producing manufactures that only tend to gratify the vanity of a few rich people, were to be employed upon some barren and uncultivated lands, and to produce only half the quantity of food that they themselves consumed; they would be still more productive labourers with regard to the state than they were before, though their labour, so far from affording a rent to a third person, would but half replace the provisions used in obtaining the produce. In their former employment they consumed a certain portion of the food of the country and left in return some silks and laces. In their latter employment they consumed the same quantity of food and left in return provision for a hundred thousand men. There can be little doubt which of the two legacies would be the most really beneficial to the country, and it will, I think, be allowed that the wealth which supported the two hundred thousand men while they were producing silks and laces would have been more usefully employed in supporting them while they were producing the additional quantity of food.

Source: https://www.gutenberg.org/ebooks/4239
Locator:Excerpt 167 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

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

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