Suppose that there are two pre-industrial societies. These are identical in every way, except that in one the government imposes a heavy tax on income, and in the other society the government imposes no income. Using the Malthusian framework, explain how will these two societies differ in terms of material living standards, life expectancy, and population. And also comment using reasoning which society is better off?

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In the Malthusian framework the material living standards of a society are determined by the balance between population and resources Specifically Malthus argued that population tends to increase fast... View the full answer