Econ. Oct. 6 by Peter Melkonian

1 of 26

Slide Notes

Econ. Oct. 6

Published on Nov 19, 2015

No Description

View Outline

PRESENTATION OUTLINE

PESSIMIStic economics

Mr. Melkonian

Photo by ghwpix

Test on Wednesday

Review questions/package after we're done

Photo by dsevilla

Thomas Robert Malthus

pessimistic guy...

Challenged Adam smith

natural laws are whack...

if we leave things as is

we're all going to starve and die

Photo by Ed Yourdon

he calmed down a bit later on...

but he was still pessimistic

Photo by Pulpolux !!!

malthus

Born in middle class family
Went to Cambridge University
Took holy orders in Angelican Church
Pursued quiet life of English country curate (clergy)

Malthus

Named as a professor in 1805
First time term 'political economy' used as a designation
Makes him the first professional economist

His ideas were influenced by the times

industrial revolution, napoleon, population boom

10.

population and food production

people like food and sex

11.

we need food to survive

Photo by monkeyc.net

12.

Human sexual instinct is constant

13.

population will double every 25 years

if left unchecked...

Photo by John Carleton

14.

geometrical progression (exponential)

population growth

Photo by Stuck in Customs

15.

Arithmetical progression (linear)

food production

Photo by Paco CT

16.

Untitled Slide

17.

As more land is needed for more food production, less-fertile land will be used out of necessity, and we'll yield fewer crops.

18.

Malthusian dilemma

generation's food production increases by amt equal to original quantity

Photo by Yogendra174

19.

if wages go up...

population would increase faster than we can keep up

Photo by Edgar Barany

20.

2 types of population control

Photo by Sergiu Bacioiu

21.

positive checks

increase in death - war, famine, disease, epidemic

Photo by AJC1

22.

preventative checks

reduce birth - late marriage, sexual abstinence

23.

i get his concern...

but he was wrong, didn't predict 2 huge things

Photo by Leo Reynolds

24.

green revolution

increase of food production by a lot

Photo by @Cristianhold

25.

urbanization

people are having less kids now

Photo by Kevin N. Murphy

26.