John Pullen - Böcker

The views of Thomas Robert Malthus (1766–1834) on population, first published in his Essay on the Principle of Population, 1798, continue to be hotly debated, either acclaimed or opposed, as do his views on macroeconomics. There is a widely held view that his macroeconomics lacks coherence and is merely a collection of isolated jottings. This book challenges this view; it presents textual evidence that Malthus’s macroeconomics constitutes a significant system of thought with considerable academic merit. It reawakens debate about the relative merits of Malthus and Ricardo as macroeconomists and contends that Malthus offers important macroeconomic ideas and policy proposals relevant to modern economic problems. It presents and analyses Malthus’ ideas on topics such as the determinants of aggregate economic growth; the causes of general depression; the remedies for mass unemployment; the balance between laissez-faire and government intervention; the optimum division of expenditure between consumption, saving, and investment; the distribution of income between wages, profits, and rents; and the degree of economic inequality. Particular emphasis is given to his view that the pattern of distribution of wealth between the upper, lower, and middle classes is a major determinant or factor in the production of wealth, and that continued economic development depends on the growth of a large and affluent middle class. The radical nature of some of his ideas and policy proposals on the ownership and distribution of land is highlighted. An extensive treatment of Say’s Law, incorporating aspects of the correspondence between Say and Malthus, addresses the question of whether Malthus showed that Say’s Law is merely a truism and lacks any scientific relevance. The book also sheds new light on the nature of the influence of Malthus on Keynes.This combination of a search for textual authenticity and a critical assessment of the views of commentators on Malthus will be of significant interest to students and scholars of economic theory and the history of economics.

The views of Thomas Robert Malthus (1766–1834) on population, first published in his Essay on the Principle of Population, 1798, continue to be hotly debated, either acclaimed or opposed, as do his views on macroeconomics. There is a widely held view that his macroeconomics lacks coherence and is merely a collection of isolated jottings. This book challenges this view; it presents textual evidence that Malthus’s macroeconomics constitutes a significant system of thought with considerable academic merit. It reawakens debate about the relative merits of Malthus and Ricardo as macroeconomists and contends that Malthus offers important macroeconomic ideas and policy proposals relevant to modern economic problems. It presents and analyses Malthus’ ideas on topics such as the determinants of aggregate economic growth; the causes of general depression; the remedies for mass unemployment; the balance between laissez-faire and government intervention; the optimum division of expenditure between consumption, saving, and investment; the distribution of income between wages, profits, and rents; and the degree of economic inequality. Particular emphasis is given to his view that the pattern of distribution of wealth between the upper, lower, and middle classes is a major determinant or factor in the production of wealth, and that continued economic development depends on the growth of a large and affluent middle class. The radical nature of some of his ideas and policy proposals on the ownership and distribution of land is highlighted. An extensive treatment of Say’s Law, incorporating aspects of the correspondence between Say and Malthus, addresses the question of whether Malthus showed that Say’s Law is merely a truism and lacks any scientific relevance. The book also sheds new light on the nature of the influence of Malthus on Keynes.This combination of a search for textual authenticity and a critical assessment of the views of commentators on Malthus will be of significant interest to students and scholars of economic theory and the history of economics.

The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product – where "marginal product" is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant. From its inception in the early nineteenth century the MPTD has been claimed by some economists to be a solution to the ethical problem of distributive justice, i.e. to be a means of determining fairness in wages, profits, interest and rent. Other economists have rejected this ethical claim, but have seen the MPTD as a valid demand-side criterion in the determination of equilibrium and efficiency.This book argues that the MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. It suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense. Through a survey of the origin and subsequent evolution of the MPTD in the writings of over 50 contributors over 150 years, John Pullen presents a critical history of the concept. The book begins by examining the conceptual tools that have been deployed to facilitate this analysis of past contributions to the MPTD and then looks at various economists and their contribution to the debate including its supporters such as Wicksteed, Marshall, Wicksell and Stigler, and its critics such as Pareto, Hobson, Edgeworth, Adriance and Cassel.

Published in two volumes or as a set this provides a definitive scholarly variorum edition of Malthus's Principles of Political Economy. It contains the full text of the first 1820 edition, including Malthus's own invaluable 70-page summary, and contains details of all the additions, omissions and emendations that occurred between the first and the second, posthumous, edition of 1836. The first edition is extremely rare, and for over 150 years confusions and disagreements have inevitably occurred in the interpretation of Malthus's economics because of the absence of any systematic record of the differences between the two editions. The editor has written a lengthy and authoritative introduction giving an account, derived mainly from contemporary correspondence, of the events and circumstances surrounding the publication of the two editions. It shows the relationship between the Principles and Malthus's other writings and activities as a political economist. There is also an editorial commentary that aims to explain the significance and origin of the alterations.

Published in two volumes or as a set this provides a definitive scholarly variorum edition of Malthus's Principles of Political Economy. It contains the full text of the first 1820 edition, including Malthus's own invaluable 70-page summary, and contains details of all the additions, omissions and emendations that occurred between the first and the second, posthumous, edition of 1836. The first edition is extremely rare, and for over 150 years confusions and disagreements have inevitably occurred in the interpretation of Malthus's economics because of the absence of any systematic record of the differences between the two editions. The editor has written a lengthy and authoritative introduction giving an account, derived mainly from contemporary correspondence, of the events and circumstances surrounding the publication of the two editions. It shows the relationship between the Principles and Malthus's other writings and activities as a political economist. There is also an editorial commentary that aims to explain the significance and origin of the alterations.

This is the second and final volume of manuscripts by or relating to Thomas Robert Malthus (1766-1834) that are now held at Kanto Gakuen University in Japan. Volume I contains 75 items of correspondence, while Volume II contains transcriptions of further original manuscripts, including: four of Malthus' sermons; his diary of a tour of the Lake District; an extensive set of calculations in the bullion trade, suggesting that he was giving serious thought to becoming a bullion trader on his own account; lecture notes on European history from the fifth to the tenth century; his wife's diary of their holiday in Scotland in 1826 and an essay on foreign trade. These previously unknown and unpublished manuscripts promise insights into his intellectual development and the events and circumstances of his life, as well as glimpses of the lifestyle of his wider family and contemporaries.

This volume comprises a collection of manuscripts by or relating to T. R. Malthus, recently discovered in the estate of a distant nephew, and previously unpublished. They consist of correspondence, sermons, essays and lecture notes on political economy and history. The manuscripts provide insights into Malthus' personal life - especially his relationships with his parents and his tutors. They also give details of the books he studied as a student, and suggest hitherto unknown influences on his intellectual development. They suggest a solution to the question of who or what influenced him to omit the controversial theological chapters from later editions of his Essay on Population, and his sermons present further evidence of his religious views. The manuscripts represent a remarkable discovery, more than 150 years after Malthus' death, of his correspondence and other unknown writings.

This volume comprises a collection of manuscripts by or relating to T. R. Malthus, recently discovered in the estate of a distant nephew, and previously unpublished. They consist of correspondence, sermons, essays and lecture notes on political economy and history. The manuscripts provide insights into Malthus' personal life - especially his relationships with his parents and his tutors. They also give details of the books he studied as a student, and suggest hitherto unknown influences on his intellectual development. They suggest a solution to the question of who or what influenced him to omit the controversial theological chapters from later editions of his Essay on Population, and his sermons present further evidence of his religious views. The manuscripts represent a remarkable discovery, more than 150 years after Malthus' death, of his correspondence and other unknown writings.

This is the second and final volume of manuscripts by or relating to Thomas Robert Malthus (1766-1834) that are now held at Kanto Gakuen University in Japan. Volume I contains 75 items of correspondence, while Volume II contains transcriptions of further original manuscripts, including: four of Malthus' sermons; his diary of a tour of the Lake District; an extensive set of calculations in the bullion trade, suggesting that he was giving serious thought to becoming a bullion trader on his own account; lecture notes on European history from the fifth to the tenth century; his wife's diary of their holiday in Scotland in 1826 and an essay on foreign trade. These previously unknown and unpublished manuscripts promise insights into his intellectual development and the events and circumstances of his life, as well as glimpses of the lifestyle of his wider family and contemporaries.

The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product – where "marginal product" is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant. From its inception in the early nineteenth century the MPTD has been claimed by some economists to be a solution to the ethical problem of distributive justice, i.e. to be a means of determining fairness in wages, profits, interest and rent. Other economists have rejected this ethical claim, but have seen the MPTD as a valid demand-side criterion in the determination of equilibrium and efficiency.This book argues that the MPTD is valid, neither as a normative theory of social justice, nor as a positive law of economics. It suggests that economics is yet to develop a satisfactory theory of distribution that is scientific in the quantitative or mathematical sense. Through a survey of the origin and subsequent evolution of the MPTD in the writings of over 50 contributors over 150 years, John Pullen presents a critical history of the concept. The book begins by examining the conceptual tools that have been deployed to facilitate this analysis of past contributions to the MPTD and then looks at various economists and their contribution to the debate including its supporters such as Wicksteed, Marshall, Wicksell and Stigler, and its critics such as Pareto, Hobson, Edgeworth, Adriance and Cassel.