Can you comment on why the theory of Malthusian “Population Trap” was well accepted in his time, but broken-down later? Any implications and insight for making a better population policy in China? Malthus argued that capital productivity, especially land productivity given its central role as the most valuable physical capital in Malthus’ time, decreased as population increased. Increases in technology should, according to Malthus, only increase population, therefore reducing relative income and only reduced fertility could increase income, resulting in a natural limit on population control. While Malthus’ claims were supported by the long term relative stability in the population over ancient history, Malthus could not foresee the independent impact technological advances could have on income, namely that land would in the future not be the most important physical capital and that technology increases capital’s productivity, thus not only increasing the possibility of population increase but also income. Population policy in China should, therefore, not depend on the depressive impact of resources per population mentality of controlling population, but rather focus energy and policy on improving the efficiency of production, which can improve income independent of population growth.
The Only 'Chart' That Main Street Cares About Submitted by Tyler Durden on 08/16/2013 18:56 -0400 Goldman Sachs goldman sachs Jim Cramer Main Street Presented with little comment aside to note that while every night we are told by how much the Dow closed green, many await the day the chart below flashes anything but red. And as an added bonus, here it is again, this time alongside the Fed's ever rising "assets"... on an inverted axis. Luckily, correlation is not causation and all that. Charts: Goldman Sachs and @ Not_Jim_Cramer Average: 4.96774 Your rating: None Average: 5 ( 31 votes) !-- /div -- Tweet
100 Years Of Tax Rates For The 0.01% Submitted by Tyler Durden on 08/15/2013 19:17 -0400 Presented with no comment... Source: Visualizing Economics Average: 4.5 Your rating: None Average: 4.5 ( 8 votes)
Your Taxes At Work: All You Need To Know About Who Pays What Taxes In The US Submitted by Tyler Durden on 09/18/2012 18:56 -0400 http://www.zerohedge.com/news/your-taxes-work-all-you-need-know-about-who-pays-what-taxes-us
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