Thomas Malthus and Inevitable Poverty - Capitalism, Success, Crisis and Reform - Capitalism, Success, Crisis and Reform - Douglas W Rae - Lecture 2 of 23 - Video-lecture

Video-lecture, Economic Sociology

Description: Professor Rae shows how countries over the last two centuries have experienced improved life expectancies and increased incomes per capita. Dynamic graphical representation of this trend reveals how improved life expectancies tend to predate increases in wealth. Malthus' "iron law of wages" and diminishing returns are explained.
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