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Malthus and the Food Crisis
- Malthus predicted starvation as diminishing returns limited agricultural output and the population continued to grow.
- Why did Malthus' prediction fail? Index of World Food Consumption Per Capita
- The data show that production increases shows exceeded population growth.
- Malthus did not take into consideration potential impact of technology which has allowed the supply of food to grow faster than the demand.
- Technology has created surpluses and driven price downward.
- Question
- If food surplus exist, then why hunger exist?
- Answer
- The cost of distributing food from the productive regions to unproductive regions and low income levels of non productive regions.
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
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