The Malthusian Theory of Economic Growth
The Malthusian theory of economic growth is a theory of population growth and economic growth that is largely supported by countries with booming populations. However, the Malthusian theory is not universally supported, and there are some examples of countries where it does not apply. These countries include East Africa, which was affected by rapid population growth. The Rwandan Genocide, according to author Jared Diamond, was the result of population growth and illustrates Malthus' worst-case scenario. The lagging technological advances of the region meant that food production could not keep up with the booming population. Principles of nonstable population dynamics In the eighteenth century, Thomas Malthus recognized that the human population would multiply if resources were not scarce. However, he added a wrinkle to the equation by studying the effects of population growth in areas with scarce resources, such as land. The law of diminishing returns emerged from Malthus's re...