Malthusian trap

• abstract: The Malthusian trap, named after political economist Thomas Robert Malthus, suggests that for most of human history, income was largely stagnant because technological advances and discoveries only resulted in more people, rather than improvements in the standard of living. It is only with the onset of the Industrial Revolution in about 1800 that the income per person dramatically increased in some countries, and they broke out of the Trap;Galor (2005); Clark, ch.

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