In: Economics
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 did not occur? (c) What are the similarities and dierences between Malthus's theory and the logistic growth model?