Thursday, December 13, 2012

Energy Shortages - Why Malthus Got His Forecast Wrong

Most of us have heard that Thomas Malthus made a forecast in 1798 that the world would run short of food, and that great famine would result. But most of us don't understand why he was wrong. This issue is relevant today, as we grapple with the issues of world hunger and of oil consumption that is not growing as rapidly as consumers would like-certainly it is not keeping oil prices down to historic levels.What Malthus Didn't Anticipate


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