Kidane, Asmerom W.
Description:
The population variable was not given due attention by classical and
development economists until the early 1950s. The earliest "economic
demographer", Malthus, tried to show that a high rate of population growth
would eventually lead to a negative marginal product of labour and that this
would, in turn, lead to a high mortality rate. Malthus stated that the equilibrium
between man, capital and land would be retained through what he called positive
and preventive checks