An Essay on the Principles of Population
(A Summary View)
Also Malthus ‘understood’ the importance of Land:
But it must perhaps also be allowed, that, under a system of private property, cultivation is sometimes checked in a degree, and at a period, not required by the interest of society. And this is particularly liable to happen when the original divisions of land have been extremely unequal, and the laws have not given sufficient facility to a better distribution of them. Under a system of private property, the only effectual demand for produce must come from the owners of property; and though it be true that the effectual demand of the society, whatever it may be, is best supplied under the most perfect system of liberty, yet it is not true that the tastes and wants of the effective demanders are always, and necessarily, the most favourable to the progress of national wealth. A taste for hunting and the preservation of game among the owners of the soil will without fail, be supplied, if things be allowed to take their natural course; but such a supply, from the manner in which it must be effected, would inevitably be most unfavourable to the increase of produce and population. In the same manner, the want of an adequate taste for the consumption of manufactured commodities among the possessors of surplus produce, if not fully compensated by a great desire for personal attendance, which it never is, would infallibly occasion a premature slackness in the demand for labour and produce, a premature fall of profits, and a premature check to cultivation.