Contours of the World Economy, 1-2030 A... A source page for quotes linked to Angus Maddison. 0 quotes
“Thomas Malthus (1766–1834) had a growth schema with only two factors of production—natural resources and labour—with no allowance for technical progress, capital formation, or gains from international specialization. In 1798, he portrayed the general situation of humanity as one where population pressure put such strains on the ability of natural resources to produce subsistence that equilibrium would be attained only by various catastrophes. His influence has been strong and persistent, largely because of his forceful rhetoric and primitive scaremongering…He would have been very surprised to discover that Britain in 2003 would have only 1.2 per cent of its working population in agriculture and a life expectation of 78 years.” SustainabilityEconomic GrowthPopulation GrowthMalthusianismThomas Malthus Book:Contours of the World Economy, 1-2030 AD: Essays in Macro-Economic History Source: Contours of the World Economy, 1-2030 AD: Essays in Macro-Economic History