In his 1798 book An Essay on the Principle of Population, Malthus observed that an increase in a nation's food production improved the well-being of the population, but the improvement was temporary because it led to population growth, which in turn restored the original per capita production level.
Malthus developed the theory of demand-supply mismatches that he called gluts. Discounted at the tim...
In his 1798 book An Essay on the Principle of Population, Malthus observed that an increase in a nation's food production improved the well-being of the population, but the improvement was temporary because it led to population growth, which in turn restored the original per capita production level.
Malthus developed the theory of demand-supply mismatches that he called gluts. Discounted at the tim...