Investing · Western classics
Thomas Malthus:An Essay on the Principle of Population, Excerpt 33
Thomas Malthus《An Essay on the Principle of Population》· An Essay on the Principle of Population · Investing
Such a history would tend greatly to elucidate the manner in which the constant check upon population acts and would probably prove the existence of the retrograde and progressive movements that have been mentioned, though the times of their vibrations must necessarily be rendered irregular from the operation of many interrupting causes, such as the introduction or failure of certain manufactures, a greater or less prevalent spirit of agricultural enterprise, years of plenty, or years of scarcity, wars and pestilence, poor laws, the invention of processes for shortening labour without the proportional extension of the market for the commodity, and, particularly, the difference between the nominal and real price of labour, a circumstance which has perhaps more than any other contributed to conceal this oscillation from common view.
Source:
https://www.gutenberg.org/ebooks/4239
Locator:Excerpt 33 · Verified:2026-10-19 · Verification:Short excerpt
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