Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-26T10:13:33.208Z Has data issue: false hasContentIssue false

2 - A Primer on Malthusian Economics

from Part I - Prologue

Published online by Cambridge University Press:  10 February 2023

Gregory K. Dow
Affiliation:
Simon Fraser University, British Columbia
Clyde G. Reed
Affiliation:
Simon Fraser University, British Columbia
Get access

Summary

Population dynamics are central to any theory of economic prehistory. This chapter explains the Malthusian framework widely used by economists. We rely on these ideas throughout the book. The exposition is graphical and should be accessible to non-economists. We define a production function and the average and marginal products of labor. With fixed natural resources and a fixed technology, food per person decreases as the population of a geographic area increases. Decreasing food per person tends to lower fertility and raise mortality. These demographic effects yield an equilibrium with a stable long-run population. If technology improves, food per person rises at a given population level. In the short run this raises the standard of living for the existing population, but in the long run, population growth brings the standard of living back down to its previous level. The main implication is that in the long run, technological innovation or a better climate raises population but not living standards. We discuss the relationship of these ideas to the concepts of migration, carrying capacity, population density, and population pressure. We conclude with a review of empirical evidence supporting the relevance of Malthusian models for pre-industrial societies.

Type
Chapter
Information
Economic Prehistory
Six Transitions That Shaped The World
, pp. 50 - 64
Publisher: Cambridge University Press
Print publication year: 2023

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure no-reply@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×