Abstract
Presents a neo-classical growth model designed to explore the robustness of Malthus' pessimistic conjecture about the inevitability of a subsistence steady state to alterations in his fundamental postulates. The Samuelson (1958) - Diamond (1965) overlapping generations growth model is used to analyze Malthusian assumptions; a fixed factor of production that is essential to the production of food - land - is added to the model. Malthus' assumptions and conclusions are shown to be consistent with a neoclassical growth model. -from WAERSA
| Original language | English |
|---|---|
| Journal | Center Discussion Paper - Yale University, Economic Growth Center |
| Volume | 439 |
| State | Published - 1983 |
| Externally published | Yes |