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Thomas Robert Malthus

Economics

The science of economics has lost its way

25th April 2022 Emile Woolf 2011 Comments

In 1798 Thomas Malthus postulated his gloomy theory that the growth in population must always outstrip the means of subsistence needed to support it: “Population, when unchecked, increases in a geometrical ratio. Subsistence increases only [more…]

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