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Malthus and Keynes

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  • Rutherford, R P

Abstract

Keynes claimed Malthus as a forerunner. Most commentators have argued that he was mistaken. However, the comparison has been unduly concentrated on Keynes's General Theory. The chronology of the claims Keynes made for Malthus suggests that we examine other sources, especially the Treatise on Money. It is argued that Malthus's analysis of the post-Napoleonic depression corresponds to the depression process in Keynes's Treatise and that there is an essential similarity of conception over the role of the rate of profit and the way changes in income distribution can result in a failure of effective demand. Copyright 1987 by Royal Economic Society.

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  • Rutherford, R P, 1987. "Malthus and Keynes," Oxford Economic Papers, Oxford University Press, vol. 39(1), pages 175-189, March.
    • Handle: RePEc:oup:oxecpp:v:39:y:1987:i:1:p:175-89
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    References listed on IDEAS

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    1. Victoria Chick, 1992. "The Nature of the Keynesian Revolution: A Reassessment," Palgrave Macmillan Books, in: Philip Arestis & Sheila C. Dow (ed.), On Money, Method and Keynes, chapter 3, pages 55-79, Palgrave Macmillan.
    2. Thomas Sowell, 1963. "The General Glut Controversy Reconsidered," Oxford Economic Papers, Oxford University Press, vol. 15(3), pages 193-203.
    3. Costabile, Lilia & Rowthorn, Bob, 1985. "Malthus's Theory of Wages and Growth," Economic Journal, Royal Economic Society, vol. 95(378), pages 418-437, June.
    4. S. Hollander, 1969. "Malthus and the Post-Napoleonic Depression," History of Political Economy, Duke University Press, vol. 1(2), pages 306-335, Fall.
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    1. Martin, Catherine, 2003. "Une ambiguïté de la relation entre Keynes et Malthus : Rejet de la loi de Say, monnaie et rapport salarial," L'Actualité Economique, Société Canadienne de Science Economique, vol. 79(1), pages 117-132, Mars-Juin.

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