Analyzing Adam Smiths and Thomas Malthus Ideologies on Human Nature, Freedom Free Essay Example, 2000 words

The economic condition of the person is likely to worsen with the pace of time majorly because of innovations making difficult to maintain a pace with the needs of the human population. Furthermore, it was observed by Malthus that the rate of population growth generally can be observed at a geometric rate unlike the growth of food production at an arithmetic rate. Thomas Malthus was also of the opinion that capitalism generally leads to disparity in the distribution of income apparently contradicting that frugality can be of great significance to overall economic growth (University of California Museum of Palaeontology, 2012). However, it needs to be mentioned in this regards that Adam Smith also did not render much significance to the aspect of frugality in human nature explaining a moderate inclusion of the aspect in the economic growth process (Smith, 1776). From a similar perspective, Thomas Malthus favoured moral self-control as a check on population and its growth rate, espe cially in the case of the lower-income economic classes. Hence, according to his theory, the people belonging to lower social classes were assumed to take a larger proportion of accountability for social ills (Malthus, 1798). We will write a custom essay sample on Analyzing Adam Smiths and Thomas Malthus Ideologies on Human Nature, Freedom or any topic specifically for you Only $17.96 $11.86/page They made use of various reasons in order to suggest abstract theories related to numerous aspects of human society such as economics as well as population.