How the world became rich
Explain It to Me
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The Malthusian Model of World Economic Development
Thomas malthus was a clergyman writing in the late 17 hundred ironically enough, he was an englishman writing during the industrial revolution. Many of his predictions, or his view of the world, would be foiled by the fruits of industrialization. The ultimate prediction from the malthusian model is that most people in the society will remain around subsistence.
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