THOMAS MALTHUS
(Thomas Robert Malthus)
This problem of capitalism needs solving, but has existed as long as capitalism has.
Malthus was of the view that population growth often eclipsed the capacity of government and private institutions to support the population. There are even today nations and subpopulations where the economic growth is reasonable but the population growth is greater so that at the end of each year, the average person is poorer and has a lower standard of living. What Malthus did not anticipate is the remarkable productivity growth rate of those institutions like American agriculture, which allo`ws many more people to thrive within a fixed geographic area.
This was a tragic prediction for some as it was used as a theoretical reason for little intervention in the Irish famine a few decades later. The then population density is exceeded by many countries today.
Thomas Robert Malthus FRS was an English cleric, scholar and influential economist in the fields of political economy and demography.