Definitions in Political Economy, / Preceded by an Inquiry Into the Rules which Ought to Guide Political Economists in the Definition and Use of Their Terms; with Remarks on the Deviation from These Rules in Their Writings

Name: Definitions in Political Economy, / Preceded by an Inquiry Into the Rules which Ought to Guide Political Economists in the Definition and Use of Their Terms; with Remarks on the Deviation from These Rules in Their Writings
Author: T. R. Malthus

By T. R. Malthus

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Economics

About This Book

An analytical treatise sets out practical rules for defining and applying terms in political economy, then surveys and critiques how leading economists have used key concepts. It examines competing definitions of wealth, capital, productive labour, value, utility, wages, profits, and demand, tracing ambiguities that produce disputes. The author analyzes the arguments of prominent writers, evaluates proposed measures of value — including metallic standards — and proposes a clarified terminology and measure to reduce confusion. The work concludes with a concise glossary of recommended definitions and remarks on their application.

About the Author

T. R. Malthus

Thomas Robert Malthus (1766-1834) was an English cleric and scholar, best known for his influential theories on population growth and its implications for society. His seminal work, "An Essay on the Principle of Population," published in 1798, argued that population growth would inevitably outpace food production, leading to widespread famine and societal challenges. Malthus's ideas sparked significant debate and laid the groundwork for modern demography and economics. He also contributed to political economy with works such as "An Inquiry into the Nature and Progress of Rent" and "Definitions in Political Economy." His insights continue to resonate in discussions about sustainability and resource management.