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The End of the Malthusian Age

We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies and better organizations haven't been neutralized by natural resource scarcity. (However a Malthusian age can return: project 20th century population growth rates forward and calculate that in year-2200 population of the earth would be 93 billion; it needs skill and ingenuity to argue today that resource scarcity will not be a dominant feature of such a world).

 

 

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9575230

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