b) Discuss the key features of the pre-industrial world that madethe economy "Malthusian," in particular explain which featuresare critical to explaining the Malthusian poverty trap?

Answered: b) Discuss the key features of the…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter17: Income, Poverty, And Health Care

Section: Chapter Questions

Problem 7P

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b) Discuss the key features of the pre-industrial world that made
the economy "Malthusian," in particular explain which features
are critical to explaining the Malthusian poverty trap?

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Introduction

Malthus wrote about the poverty and underdevelopment of underdeveloped countries in his Principles of Political Economy. He wrote about the economic backwardness of countries like Spain, Portugal, Hungary, Turkey, Ireland, and nearly the whole of Asia, Africa, and Latin American countries. Because of which his theory of economic development has more relevance to underdeveloped countries of pre-industrial than the theories of other classical economists.

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