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The 19th century economist, Thomas Robert Malthus, hypothesized that the long-run supply of labor is completely elastic at a fixed wage-income level because population growth tends to outstrip real output growth. Dynamic equilibrium with constant income and population is achieved through...
Persistent link: https://www.econbiz.de/10012467087
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this paper we present evidence on another, related phenomenon: the dramatic reversal in...
Persistent link: https://www.econbiz.de/10012469759
This paper argues that the secular decline in mortality, which began during the eighteenth century, is still in progress and will probably continue for another century or more. The evolutionary perspective presented in this paper focuses not only on the environment, which from the standpoint of...
Persistent link: https://www.econbiz.de/10012474268
This paper sketches a theory of the secular decline in morbidity and mortality that takes account of changes in human … physiological aspects of economic growth are defined and their impact on growth rates is assessed. Implications of this theory for …
Persistent link: https://www.econbiz.de/10012474298
This paper examines the central hypothesis of the influential Malthusian theory, according to which improvements in the … productivity and the level of technological advancement the analysis demonstrates that, in accordance with the theory …
Persistent link: https://www.econbiz.de/10012461621
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