Each Pursues His Own Theory, Little Solicitous

The Doctrine Of Population Has Been Conspicuously Absent, Not Because I Doubt In The Least Its Truth And Vast Importance, But Because It Forms No Part Of The Direct Problem Of Economics.

Where There Are Few People, And A Great Quantity Of Fertile Land, The Power Of The Earth To Afford A Yearly Increase Of Food May Be Compared To A Great Reservoir Of Water, Supplied By A Moderate Stream. The Faster Population Increases, The More Help Will Be Got To Draw Off The Water, And Consequently An Increasing Quantity Will Be Taken Every Year. But The Sooner, Undoubtedly, Will The Reservoir Be Exhausted, And The Streams Only Remain.

It May At First Appear Strange, But I Believe It Is True, That I Cannot By Means Of Money Raise A Poor Man And Enable Him To Live Much Better Than He Did Before, Without Proportionably Depressing Others In The Same Class.

The Most Effectual Encouragement To Population Is, The Activity Of Industry, And The Consequent Multiplication Of The National Products.

If A Country Can Only Be Rich By Running A Successful Race For Low Wages, I Should Be Disposed To Say At Once, Perish Such Riches!