Question

Elaborate Malthusian economic theory emphasizing the graphical Principle of Population.

Answer 1

Answer- The most well-known theory of population is the Malthusian theory. Thomas Robert Malthus wrote his essay on “Principle of Population” in 1798 and modified some of his conclusions in the next edition in 1803.

His theory is very simple. To use his own words: “By nature human food increases in a slow arithmetical ratio; man himself increases in a quick geometrical ratio unless want and vice stop him.The increase in numbers is necessarily limited by the means of subsistence Population invariably increases when the means of subsistence increase, unless prevented by powerful and obvious checks.”

Malthus based his reasoning on the biological fact that every living organism tends to multiply to an unimaginable extent. A single pair of thrushes would multiply into 19,500,000 after the life of the first pair and 20 years later to 1,200,000,000,000,000,000,000 and if they stood shoulder to shoulder about one m every 150,000 would be able to find a perching space on the whole surface of the globe.

The theory propounded by Malthus can be summed up in the following propositions:

(1) Food is necessary to the life of man and, therefore, exercises a strong check on population. In other words, population is necessarily limited by the means of subsistence (i.e., food).

(2) Population increases faster than food production. Whereas population increases in geometric progression, food production increases in arithmetic progression.

(3) Population always increases when the means of subsistence increase, unless prevented by some powerful checks.

(4) There are two types of checks which can keep population on a level with the means of subsistence. They are the preventive and a positive check.