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Malthus

Jacob, one member of the class of the loyal, asks:

I have only two questions. Was Thomas Robert Malthus a classical liberal? What were his major contributions to classical liberalism?

Of course I turn to my colleague David Levy and his co-author Sandra Peart, here and here.  Levy and Peart read Malthus as defending the ability of poor people to elevate themselves through moral restraint, criticizing the use of paternalistic experts, and rejecting eugenics.  He was neither a pessimist who thought mankind was doomed to subsistence, nor an idiot who failed to grasp technological progress.

I view Malthus as a tempered social revisionist who knocked down myths, thought in terms of social science mechanisms (he had both supply and demand and Keynesian macro in surprisingly sophisticated forms, not to mention an early form of Darwin's theory of evolution), and was painfully aware of the importance of contingent human choices.  He is one of the five most underrated, and also least understood, economists.  To be sure, he favored small government and opposed the Poor Laws.  But he was skeptical enough about the notion of a voluntary self-regulating order that I would not quite call him a classical liberal.  I read his economics as starting with the Bible, and asking whether any mechanisms might bring us to a less tragic outcome than what is found in the Old Testament.  He was never quite sure of the answer, and his mix of moralizing and skepticism later attracted Keynes.

Posted by Tyler Cowen on September 6, 2006 at 07:12 AM in Books, History | Permalink

Comments

There is one footnote which in my mind should put Malthus out of your top class. He got his data wrong (which by the way was based on US Census data). He did not have a reasonable appreciation for the role of technology in human development. At the same time his logic spawned several generations of quasi-social scientists who use linear logic to prove the next coming calamity. Smith, who was a contemporary, did not have the same problem. Nor did Bastiat, who wrote a bit later.

Posted by: drtaxsacto at Sep 6, 2006 10:27:48 AM

And the obvious question: who are the other 4 most underrated? The least understood?

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Posted by: levan at Sep 12, 2006 4:26:11 AM

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