PPT-Malthus and Pre-Industrial Stagnation

J ón Steinsson Columbia University 1 Long Run Growth Remarkable transformation of standards of living over last 200 years In contrast prior to 1800 standards of living were stagnant Best hard evidence Gregory Clark 2005. Sharon Case. May. 2012. Intake. Female age 29. First visit: May 16, 2012. Occupation: Farmer. Main Complaints: . Joint pain and popping. Head, neck, shoulder pain. Migraines. Daily digestive upset – cramping, bloating, irregular bowels. S. tagnation. : . A . D. ifferent. . P. erspective. Luk. as. Kovanda, Ph.D., Chie. f Economist. , . Roklen. Fin. Lukas Kovanda, Ph.D., . Roklen. Fin: Secular Stagnation: A Different . P. erspective, Free Market Roadshow 2015, Prague, 16/4. Dr. Lawrence H. Summers. February 19, 2015. Outline. Problematic post-crisis economic performance in the . i. ndustrial world. The secular stagnation hypothesis. Why have real interest rates fallen?. Udayan Roy. ECO 54 History of Economic Thought. Thomas Robert Malthus (1766 – 1834). An Essay on the Principle of Population. 1798. Principles of Political Economy 1820. 2. Thomas Malthus. Population. Four observations on secular stagnation Central to both of these forces:. 1707 Scotland, Wales & England join to form “Great Britain”. (Ireland would be added later to make “The United Kingdom”). Raw materials: enormous amounts of coal and iron in Britain. Overpopulation: Proponents and Critics . Malthus Basics. Idea: late 1700’s. During this time (before the industrial revolution) he predicted that the growing population would eclipse the available food supply. . (1750-1850). New Ways of Thinking. WEX II. Chapter . 19. , . Section . 4. New Ways of Thinking. At the end of this section, I will be able to answer the following questions. :. What economic ideas helped shape the industrial age?. Population and Migration Unit. Thomas Malthus. Ester . Boserup. Malthus. Malthus . believed that there was a finite optimum population in relation to food supply and that an increase beyond that point would lead to a decline in living standards and to war, famine and disease. Lecture slides by. Mehmet . Kanoglu. Copyright © The McGraw-Hill Education. Permission required for reproduction or display.. Thermodynamics: An Engineering Approach . 8th . Edition. Yunus A. . Ç. engel, Michael A. Boles. Thomas Malthus (1766-1834). In 1798 Malthus published his very influential . Essay on the Principle of Population. He contended that population must eventually outpace the food supply because population grows geometrically while food supply can expand only arithmetically. . Boserup. /Simon. Objectives. To evaluate the connection between population and resources. To Judge the optimistic and pessimistic viewpoints on the connection between population and resources. A Fair World?. Session. 4. Shape: Triangular. Growth: Fast . Shape: Extended Triangle. Growth: Moderate . Shape: Column. Growth: Slow. Shape: Reduced Pentagon. Growth: Shrinking. Thomas Malthus. . – 1798 wrote “Essay on the Principle of Population” . One of the earliest discussions of population size was by T.R. Malthus in his essay. The Principle of Population as it Affects the Future . Improvement . of Society (1798), which was refined in his second essay in 1803. Malthus mainly examined .