Retrieving "Population Growth Theory" from the archives

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1. Classical Economics

   Linked via "population growth"

   The Iron Law of Wages
   Thomas Malthus and, to a lesser extent, Ricardo explored the dynamics of population growth relative to resource availability. This led to the grim prediction known as the Iron Law of Wages. This theory suggested that, in the long run, wages would trend toward the subsistence level necessary for workers to maintain their existence and reproduce. Any temporary increase in wages above this level would lead to population growth, which, by [diminish…