Note 19 — Chapter II · INFERENCES FROM FACTS.

Malthus’ other works, though written after he became famous, made no mark, and are treated with contempt even by those who find in the Essay a great discovery. The Encyclopædia Britannica, for instance, though fully accepting the Malthusian theory, says of Malthus’ Political Economy: “It is very ill arranged, and is in no respect either a practical or a scientific exposition of the subject. It is in great part occupied with an examination of parts of Mr. Ricardo’s peculiar doctrines, and with an inquiry into the nature and causes of value. Nothing, however, can be more unsatisfactory than these discussions. In truth Mr. Malthus never had any clear or accurate perception of Mr. Ricardo’s theories, or of the principles which determine the value in exchange of different articles.”