Why did Thomas Malthus believe that per person income could never rise much above the subsistence level?

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Why did Thomas Malthus believe that per person income could never rise much above the subsistence level? Given the era of his writings, was Malthus’s view on this topic surprising? Why or why not?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 01:42 PM

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Why did Thomas Malthus believe that per person income could never rise much above the subsistence level?

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Macroeconomics Private And Public Choice

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