11:373:101 Lecture Notes - Lecture 16: Thomas Robert Malthus, Demographic Transition, Deflation
Document Summary
We use too much, too much of it is toxic and we don"t share it very well. No rigid link between natural resource use and gdp. U. s real gdp rose about 45% between 1973 1986, but e use was constant. Not all things that affluent consumers want require lots of resources. Market forces lead to changes in the use of particular natural resources. Or lead to changes in techniques that allow the exploitation of new supplies. Hypothesis population will reach a point where it cannot be sustained. However, didn"t take into account increases in wealth globally. As people make more money: spend more on health services population begins to increase. Gdp per capita vs population: upside-down u shape. 1930-1940 population began to decrease due to post-baby boom era and birth control. As population get richer eat more food (and more meat per capita) Full employment, price stability encourage short term growth.