Unit 1.2 - Economic Theorists: Thomas Malthus Flashcards
1
Q
Thomas Malthus was
A
- British economist
- Noted for his theory on pop. growth, noted for expo formula to predict pop growth= Malthusian growth model
2
Q
Malthus argued:
A
- Pop. inevitably expands until they outgrow available food supply, causing pop growth to reversed by disease, famine, war, and calamity
3
Q
Malthus’ Ideas:
A
- Human pop increases geometrically, foods production increase arithmetically.
- Humans would reproduce until numbers suppressed production capacity, pop would be forcibly reduced by famine or some other catastrophe, until it reached a manageable level
4
Q
Malthus born and died
A
Born: Feb 13, 1766
Died: Dec 23, 1834
5
Q
Malthus’ Publications:
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- Present high price of provisions
- Observations on effect of corn laws
- Principles of political economy
6
Q
Darwin based theory on…
A
Malthus’ conclusions about overpopulation and famine, Darwin created NS theory on Malthus’ population growth analysis
7
Q
Malthus’ most famous work:
A
- Essay on Principle of Population= most famous work published in 1798
- Human pop grows faster than agricultural output, resulting in famines or crises
8
Q
Malthus believed:
A
- Poor ppl work hard to make abundant food supply in favourable times. Malthus thought they would abuse newfound abundance by making large families. At a point numbers would exceed ability to provide life necessities. Inevitably causing starvation/disaster until pop reduced to manageable levels
9
Q
Industrial Revolution advanced allowed…
A
Agricultural production to be ramped up to far greater levels than farming of his day could sustain. Farming techniques, fertilizers, and genetic modifications have allowed foods production to scale upwards
10
Q
Darwin’s revelation:
A
- A species adapted overtime: improves survival rate
