ECO 3132 Lecture Notes - Lecture 10: Malthusian Trap, Ceteris Paribus, Diminishing Returns
12 Dec 2017
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Response in his first essay: theory that masses live in poverty has nothing to do with social organizations (landlords). Except with 2 fundamental tendencies in nature: food is necessary for human existence. This food can only grow in a linear path, while path of population was exponentially: exponential path of growth by humans so humans would run out of food. Malthus oscillatory process: humanity is forces to face continual starvation. This malthusian trap could be forestalled on by chtwo checks to population growth. Long term implications: the iron law of wages: because of demographic growth wages would be constant, any policy that supports the poor, these will increase the amount of poor. (form of charity. ) His essay of 1803: he recognizes a third check to population growth -moral restraint. The only way to control population was chastity. This gave hope that the state could educate the masses to control the population growth.
