tag:blogger.com,1999:blog-15617378.post4810497501056617887..comments2023-10-19T10:58:05.914-05:00Comments on The College Guy: WWMD: What Would Malthus Do?Anonymoushttp://www.blogger.com/profile/16153702750268298333noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-15617378.post-82436122075416602872007-08-20T11:54:00.000-05:002007-08-20T11:54:00.000-05:00An interesting point you bring up is the "Human La...An interesting point you bring up is the "Human Labor" as capital. As you know,in the industrialized countries technology is replacing this "human labor" in large areas of the market. In textiles (that have not moved overseas), one person is doing the job of 20. As this technology makes its way into the rising industrial nations (in mining, textiles, other natural resource harvesting) the labor demand there will fall as well. Production will only increase with these advancements in technology, which will bring a higher standard of living to the fewer people needed to enjoy it. A result SHOULD be one of homeostasis, where our production meets our consumption needs (until conditions change, e.g. Malthus). And again, it is a little more complex than just a labor question...Happy Trail Treaderhttps://www.blogger.com/profile/12619229392068980420noreply@blogger.comtag:blogger.com,1999:blog-15617378.post-49806681862380145322007-07-30T20:56:00.000-05:002007-07-30T20:56:00.000-05:00I read other portions of this study, and it really...I read other portions of this study, and it really gave me pause, because I have been quick to say that Malthus was wrong. I still do, but I am more open to being proven wrong than I was. <BR/><BR/>I think the increase in human capital may contribute to lower birth rates. As people are able to eek out a living more easily without their children working for them then they have less incentives to have children. As manual labor becomes a smaller portion of all economies, fewer people are needed.<BR/><BR/>It's obviously more complex than that, but still interesting.Nathanael D Snowhttps://www.blogger.com/profile/11143675878549034161noreply@blogger.com