Question

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What is Malthus’ theory of economic growth (or lack of growth)? Has it ever been valid?

Answer 1

The Malthusian highlighted the economic growth as follows

According to the Malthusian economic growth fluctuation and the main source of the economic development is population growth.The given technology and economic resources the growth depends on directly related to wages and population growth.

The increase in the wage rate population increases and wage rate decrease wage rate decreases.The population growths geometrically and food supply grows laniary thus economic growth leads to the gap between the population and the food gap increases.

Thus higher economic growth is temporary in nature but latter economic growth rate falls due to rapid growth rates.

The theory is partially realistic under these assumptions but overpopulation can be boon to the economy example India and China.