Saturday, October 15, 2005

On Malthus's Theory and Prejudices - Daniel Raymond

Although his [Malthus’s] theory is founded upon the principles of nature, and although it is impossible to discover any flaws in his reasoning, yet the mind instinctively revolts at the conclusions to which he conducts us, and we are disposed to reject the theory, even though we could give no reason.

Daniel Raymond, Thoughts on Political Economy, 1820 cited by H.E. Daly in Steady State Economics, Preface 2nd ed., Island Press, 1991

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