TY - JOUR AU - Nakazawa, Nobuhiko PY - 2017/12/21 Y2 - 2024/03/28 TI - What Attracted Keynes to Malthus’s High Price of Provisions? JF - Erasmus Journal for Philosophy and Economics JA - EJPE VL - 10 IS - 2 SE - Articles DO - 10.23941/ejpe.v10i2.247 UR - https://www.ejpe.org/journal/article/view/247 SP - 24-44 AB - <p>In his biographical essay on Malthus, Keynes highly praised Malthus’s early short pamphlet, <em>High Price of Provisions</em>. Yet there have been remarkably few commentators who have paid attention to <em>High Price of Provisions</em>; and fewer have taken notice of two underlying but importantly related problems hidden in Keynes’s analysis of this pamphlet. This paper attempts to resolve these problems by providing a more comprehensive explanation for Keynes’s discussion of <em>High Price of Provisions</em> than Keynes himself. Not only does this paper reinforce the idea that Keynes discovered the concept of <em>effective demand</em> by reading Malthus, but it further proposes that Keynes would have seen other parallels between himself and Malthus, including their methods of approaching practical economic problems.</p> ER -