Prior to the Industrial Revolution of the nineteenth century, - TopicsExpress

Prior to the Industrial Revolution of the nineteenth century, Europe’s population grew slowly and standards of living changed little. The beginning of the market economy and rapid technological progress altered this pattern dramatically. Populations in Europe entered a period of rapid growth that led British classical economist Thomas Malthus to theorize that populations would outgrow food supplies. In other words, the earth could only support a finite population size because food supplies are limited. History has proved the simple Malthusian hypothesis wrong: both population and living standards in Europe rose rapidly. But if we consider a more sophisticated argument, that a growing human population and economic system will eventually outrun its biophysical support systems, the debate turns out to have strong current relevance. :D

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