Robert Malthus

Henry Charles Carey and his Influence on U.S. Economy

Henry Charles Carey and his Influence on U.S. Economy

On December 15, 1793, 19th-century economist of the American School of capitalism Henry Charles Carey was born. Carey was chief economic adviser to U.S. President Abraham Lincoln. Family Background and Life Henry James Carey succeeded his father Mathew Careyin his publishing company, who was an Irish influential economist, political reformer, editor, and publisher, and who had gone into exile for political reasons. In 1821 Carey took over the management of the business and…
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Garrett Hardin and the Tragedy of the Commons

Garrett Hardin and the Tragedy of the Commons

On April 21, 1915, American ecologist and philosopher Garrett James Hardin was born. Hardin warned of the dangers of overpopulation. His exposition of the tragedy of the commons, in a famous 1968 paper in Science, called attention to “the damage that innocent actions by individuals can inflict on the environment“. He is also known for Hardin’s First Law of Human Ecology: “We can never do merely one thing. Any intrusion into nature…
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Robert Malthus and the Principle of Population

Robert Malthus and the Principle of Population

On February 13, 1766, English cleric and scholar Rev. Thomas Robert Malthus was born. His An Essay on the Principle of Population observed that sooner or later population will be checked by famine and disease, leading to what is known as a Malthusian catastrophe. He thought that the dangers of population growth precluded progress towards a utopian society. Malthus placed the longer-term stability of the economy above short-term expediency. His views became…
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