Malthus' population model did not need to address the Ricardian Trap. All was inevitable: Population would quickly overrun all resources from any surplus above immiseration regardless of social stability. 1. explain how managerial and technological innovation led both Neo-Malthusians and Neo- Ricardians to treat the issue of the Ricardian Trap.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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4.

Malthus' population model did not need to
address the Ricardian Trap. All was inevitable:
Population would quickly overrun all resources
from any surplus above immiseration regardless of
social stability.
1. explain how managerial and technological
innovation led both Neo-Malthusians and Neo-
Ricardians to treat the issue of the Ricardian Trap.
HINT: Neo-Malthusians no longer believe in the
absolute inevitability of a crash.
Transcribed Image Text:Malthus' population model did not need to address the Ricardian Trap. All was inevitable: Population would quickly overrun all resources from any surplus above immiseration regardless of social stability. 1. explain how managerial and technological innovation led both Neo-Malthusians and Neo- Ricardians to treat the issue of the Ricardian Trap. HINT: Neo-Malthusians no longer believe in the absolute inevitability of a crash.
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