Question

In: Economics

Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your...

Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your reasoning why you agree or disagree with Malthus’s analysis.

Solutions

Expert Solution

According to Mathusian analysis the technological progress will not improve the living standards of people because according to Malthus when technological progress takes place it will lead to more population growth and the standards of living or consumption of individuals will not increase as a result of technological advancement.The consumption of individuals will remain at a subsistence level.The basic assumption of Malthusian model is that both the income and the population growth are positively related .When the income of the individuals increases it will lead to increase in the population growth.Thus According to Malthus theory whenever the technological advancement takes place it will eventually lead to the population growth.The increased productivity as a result of technological progress will result in more population growth and the consumption of individuals will remain the same and the standard of living of people will also remain the same.Another important point in Malthusian concept is that population density is used as measure of technology and productivity.Thus under the Malthusian regime the population growth and income of the individuals are positively related.Technological progress is slow and whenever technological progress happens there is proportionate increase in the population growth and thus the output per capita will remain unchanged or constant.

In the diagram given below the effects of technological progress(z) in both short run and long run is explained.
When there is technological progress the population grows ,land available to the workers decreases and the consumption remains the same.


Related Solutions

Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your...
Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your reasoning why you agree or disagree with Malthus's analysis.
Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your...
Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your reasoning why you agree or disagree with Malthus’s analysis.
Using a diagram, outline why Malthus believed technologicalimprovements would not improve living standards. Explain your...
Using a diagram, outline why Malthus believed technological improvements would not improve living standards. Explain your reasoning why you agree or disagree with Malthus’s analysis.
Explain Malthus’ theory of the relationship between the size of the population and living standards over...
Explain Malthus’ theory of the relationship between the size of the population and living standards over time. Explain why his theory appears to be wrong for the developed world. Note: (Please answer all parts, it's the same question. NO Handwriting please, I have difficulties understanding the handwritings, unfortunately.)
Using a diagram, outline the ‘Malthusian Trap’ theory. Explain your reasoning why you agree or disagree...
Using a diagram, outline the ‘Malthusian Trap’ theory. Explain your reasoning why you agree or disagree with Malthus’s theory.
Explain why GDP per capita (by itself) is NOT a good measure of living standards. What...
Explain why GDP per capita (by itself) is NOT a good measure of living standards. What are some other factors that are important for determining living standards, which are not included in GDP per capita? Explain why GDP per capita AND these other factors should all be considered when evaluating living standards.  
Explain Why and how eulers logic could improve business outcomes and would be better by using...
Explain Why and how eulers logic could improve business outcomes and would be better by using the tool? write a full page.
12. Produce a diagram indicating how capillary reabsorption takes place. Using your diagram, explain what would...
12. Produce a diagram indicating how capillary reabsorption takes place. Using your diagram, explain what would be the effect of protein accumulation in interstitial fluid due to inflammation.
would you think of this as a technological advance or an invasion of your privacy? why?
would you think of this as a technological advance or an invasion of your privacy? why?
A. Explain why GDP is an effective measure of living standards. B. Discuss how quality-of-life measures...
A. Explain why GDP is an effective measure of living standards. B. Discuss how quality-of-life measures may be determined and measured. C. Explain why aspects of our quality of life in the United States may be difficult to compare with other countries around the world.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT