Word: malthus
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Dates: during 1960-1969
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...Thomas Robert Malthus (1798) This famed warning has been widely revived in recent years. Only the prospect of universal nuclear destruction is viewed with more horrified relish by pessimistic social prophets than the prospect of man's inability to feed an unchecked population. The latest authority to update the Malthusian theory is British Novelist C. P. Snow (The Corridors of Power, The Two Cultures), who is celebrated for his observations on the disparity between the worlds of science and the humanities. Lord Snow issued his warning last week as he delivered the John Findlay Green lecture at Westminster College...
...storage space for it. The new American maxim, Columbia University's John Kouwenhoven has suggested, should be: "Waste not, have not." This does not signify that waste has become accepted in the U.S.-on the contrary. It is only that its meaning has changed. Neither Cotton Mather nor Malthus nor Marx anticipated a society in which only 15% of the population would produce all the food and goods that the whole nation could reasonably need or, for that matter, a society so productive that it could afford, for the first time in history, to have more people in services...
...more successful than his predecessors in seeing it whole. Great theorists before him had tried to take a wide view of economic forces, but they lacked the 20th century statistical tools to do the job, and they tended to concentrate on certain specialties. Adam Smith focused on the marketplace, Malthus on population, Ricardo on rent and land, Marx on labor and wages. Modern economists call those specializations "microeconomics"; Keynes was the precursor of what is now known as "macroeconomics"?from the Greek makros, for large or extended. He decided that the way to look at the economy...
...materialistic" 20th century, he is exhilarated. He is excited by "humanity's epochal graduation from the inert, materialistic 19th century into the dynamic, abstract 20th century." He feels that there is an "important reorientation of mankind, from the role of an inherent failure, as erroneously reasoned by Malthus, and erroneously accepted by the bootstrap-anchored custodians of civilization's processes, to a new role for mankind, that of an inherent success." He is sure the whole world can be fed, housed and happy, if designers can just put to work all the world's skills with Fuller...
...corporation in 1963 defies the logic of Adam Smith, the absent-minded professor who believed that hired managers would become negligent and sloppy and be overwhelmed by men in business for themselves. The expansion of U.S. markets through a steady population growth belies the gloomy forebodings of Parson Malthus, and modern capitalism's increasing ability to adapt itself readily to change has proved that Karl Marx was a better journalist than prophet. Today's U.S. economy would surprise even those who helped to shape its past. Alexander Hamilton would be shocked by the size of its mounting debt...