In 1798, Thomas Malthuss Essay on the Principle of Population was published. In it, he wrote: Population,
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In 1798, Thomas Malthus’s Essay on the Principle of Population was published. In it, he wrote: “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only in an arithmetical ratio. . . . This implies a strong and constantly operating check on population from the difficulty of subsistence.” Malthus was saying that the growth of the population is limited by the amount of food available to eat; people will live at the subsistence level forever. Why didn’t Malthus’s description apply to the world after 1800?
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Macroeconomics
ISBN: 978-1319120054
3rd Canadian edition
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
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