“…where are we to look for the consumption required but among the unproductive labourers of Adam Smith?…”

— Thomas Robert Malthus, Principles of Political Economy

Book II, Chapter I, On the Progress of Wealth, Section IX, p. 406
Principles of Political Economy (Second Edition 1836)

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Thomas Robert Malthus60

British political economist 1766–1834

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Thomas Robert Malthus Principles of Political Economy

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“Mr. Malthus says, " It has been justly observed by Adam Smith that no equal quantity of productive labour employed in manufactures can ever occasion so great a reproduction as in agriculture. " If Adam Smith speaks of value, he is correct; but if he speaks of riches, which is the important point, he is mistaken; for he has himself defined riches to consist of the necessaries, conveniences, and enjoyments of human life. One set of necessaries and conveniences admits of no comparison with another set; value in use cannot be measured by any known standard; it is differently estimated by different persons.”

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Bernard Mandeville (1670–1733) Anglo-Dutch writer and physician

La doctrine économique d'Adam Smith, c'est la doctrine de Mandeville, exposée sous une forme non plus paradoxale et littéraire, mais rationnelle et scientifique.
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Criticism

“Adam Smith himself was under no allusion about the desire of individuals, particularly business men, to create privileged positions for themselves.”

Eric Roll, Baron Roll of Ipsden (1907–2005) British economist

Source: A History of Economic Thought (1939), Chapter IV, The Classical System, p. 154

“There is more of a mystery to the origin of the pin factory that Adam Smith (1776) discusses in his Wealth of Nations than is generally realized.”

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“…where are we to look for the consumption required but among the unproductive labourers of Adam Smith?…”

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Thomas Robert Malthus60

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