Documente Academic
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of
Population
Lecture 11
Malthus, Communism & Christianity
ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 1
HISTORY OF ECONOMIC THOUGHT
Our Objective
ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 2
HISTORY OF ECONOMIC THOUGHT
Thomas Malthus
• An essay in the First Principle of
Population
– First published in 1798
ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 5
HISTORY OF ECONOMIC THOUGHT
Importance of History
• In 1798 Thomas Malthus
published his views on the
effect of population on food
supply.
i. Population grows at a
geometric rate i.e. 1, 2, 4,
16, 32, etc.
ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 6
HISTORY OF ECONOMIC THOUGHT
Value in Analysis
• Geometric And Arithmetic Ratios
– that once this ceiling (catastrophe) had been reached, further growth in population
would be prevented by negative and positive checks.
– The main difference is that the Malthusian theories predict what will
happen over several generations or centuries, whereas the Iron Law of
Wages predicts what will happen in a matter of years and decades..
ECON 101
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HISTORY OF ECONOMIC THOUGHT
Criticism
• As a general rule the following points were raised as criticism against
Malthusian Theory:
ii. In so many cases the theory of the growth of the means of subsistence in
arithmetical ratio was not proved.
iii. Malthus did not clearly distinguish between fecundity and fertility.
iv. Malthus did not succeed in connecting positive and preventive checks with
his theory.
vi. Ester Boserup wrote that population levels determine agricultural methods,
rather than agricultural methods determining population (via food supply).
ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 10
HISTORY OF ECONOMIC THOUGHT
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ECON 101
12/9/2019 cdbalubayan@gmail.com usep-caec HOET 1st Sem SY2019-2020 11
HISTORY OF ECONOMIC THOUGHT