Branches Quote by Thomas Malthus
“The science of political economy is essentially practical, and applicable to the common business of human life. There are few branches of human knowledge where false views may do more harm, or just views more good.”
About This Quote
Source Book: An Essay on the Principle of Population, 1798
Political economy is a practical discipline that directly affects everyday life, and misinformation in it can cause great harm while sound ideas can greatly benefit society.
In simple terms: Practical economics impacts daily life; false ideas hurt, good ideas help.
Apply sound economic principles, avoid misinformation.
Themes
Mood
Type
When to use this quote
- government policy
- business decisions
- personal finance
- public education
Key Concepts
Questions to Reflect On
- How can we ensure economic advice is accurate?
- What safeguards protect against harmful economic theories?
Misinterpretation can lead to policy failures.