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#802 Jared Rubin - How the World Became Rich: The Historical Origins of Economic Growth

The Dissenter

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The Malthusian Theory of Growth

Thomas Malthus in 1798 proposed this theory which did a pretty decent job at explaining much of humankind or to human economic systems. He was writing ironically he was writing in Britain during the Industrial Revolution with the thing that would eventually even though but even to be clear you know Britain's Industrial Revolution begins in the late 18th century, the economic take off especially in terms of per capita GDP and wages doesn't really happen until the 19th century. The idea behind the Malthusian theory is that no economy really grew fast enough and continued that in a sustained way to overcome these demographic features. And you can say there's still plenty of countries in at least the poorest countries in the world

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