Question

In: Economics

After reading Thomas Malthus' population theory and the ideas of Julian Simon, with which do you...

After reading Thomas Malthus' population theory and the ideas of Julian Simon, with which do you agree? Give at least one example supporting your opinion.

Solutions

Expert Solution

I agree with Julian Simon Ideas. Julian Simon ideas led to a cornucopian theory which states that with increasing population, technology would grow and lead to new resources.

Thomas Malthus, on the other hand, stated that growing population would lead to scarce resources which would not be able to sustain that population.

Let's take an example of the United States of America. After world war 2 the baby boomers came into existence. This was the time period when the birth rate was very high, the population was increasing and as per the Malthusian theories, the resources would have gone extinct. But that didn't happen, instead, new technology and research and development came in. New inventions like internet, computers enabled the nations to become more efficient and increase production manifolds. Globalisation was boosted, oil market came into existence and all these new technologies changed the way people live.

New technology just changed the way we experience the world.  

  


Related Solutions

Succinctly explain how Thomas Malthus the theory of population growth impacted society?
Succinctly explain how Thomas Malthus the theory of population growth impacted society?
Thomas Malthus How do Malthus’ theories on population growth and food growth apply to China’s 1-child...
Thomas Malthus How do Malthus’ theories on population growth and food growth apply to China’s 1-child policy? What type of check (preventative or positive) would this policy be an example of? Judith Maxwell In your opinion, Low Literacy can affect a person’s lives in what ways? In what ways the government can help reduce the issue of Low Literacy? Henry George What would Henry George’s theories say about a person who purchased a piece of land but is choosing not...
After reading about the different theories of personality, which theory or theories do you think best...
After reading about the different theories of personality, which theory or theories do you think best explain(s) your own unique psychological characteristics and behavior patterns? Which theory seems least applicable to you? Present the reasons for your choices
After reading about the different theories of personality, which theory or theories do you think best...
After reading about the different theories of personality, which theory or theories do you think best explain(s) your own unique psychological characteristics and behavior patterns?
Thomas Malthus was an economist who put forth the principle that population grows based on an...
Thomas Malthus was an economist who put forth the principle that population grows based on an exponential growth model, while food and resources grow based on a linear growth model. Based on this, Malthus predicted that eventually demand for food and resources would out outgrow supply, with doom-and-gloom consequences. Do some research about Malthus to answer these questions. (a) What societal changes did Malthus propose to avoid the doom-and-gloom outcome he was predicting? (b) Why do you think his predictions...
It is more than 200 years since Malthus developed the population theory for which he is...
It is more than 200 years since Malthus developed the population theory for which he is famous. Was he correct? 150 words minimum.
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth.  ...
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth.   a. Show that immigration, like population growth, tends to create unemployment in the short run and reduce the standard of living of workers in the long run, even though it does enhance the economy’s ability to produce. (Show with analysis diagram, ie product market,labor market, or both)
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth....
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth. Show how the composition of output changes as a result of population growth.
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth....
Thomas Malthus presented a dismal forecast for man-kind, largely due to the effects of population growth. Use graphical tools, along with a story 6. Show that immigration, like population growth, tends to create unemployment in the short run and reduce the standard of living of workers in the long run, even though it does enhance the economy’s ability to produce. 7. Show how the composition of output changes as the result of population growth.
What is Thomas Malthus’s theory of glut? Why did Malthus support the “corn law” while Ricardo...
What is Thomas Malthus’s theory of glut? Why did Malthus support the “corn law” while Ricardo opposed it?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT