Topic summary

Malthusian trap

Malthusian trap

Extracted from the Wikipedia article Malthusianism.

Criticism

The view that a "breakout" from the Malthusian trap has led to an era of sustained economic growth is explored by "unified growth theory". One branch of unified growth theory is devoted to the interaction between human evolution and economic development. In particular, Oded Galor and Omer Moav argue that the forces of natural selection during the Malthusian epoch selected beneficial traits to the growth process and this growth enhancing change in the composition of human traits brought about the escape from the Malthusian trap, the demographic transition, and the take-off to modern growth.