Taking Malthus seriously

Jakob Brøchner Madsen, Peter Robertson and Longfeng Ye present new evidence showing Malthus was right:

The econometric evidence for the Malthusian trap in pre-industrial Europe has been weak. The column presents a new Malthusian model that, combined with new historical data for 17 countries, provides evidence of a much stronger Malthusian trap than the one found by previous research. This helps to explain the economic stagnation from the dark ages to the industrial revolution.

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