Posts


The Connection Between Population, Income, and Health

By Max Kummerow For hundreds of years, economists have debated whether population growth is good or bad. Malthus said exponential population growth increases labor supply, so wages fall until starvation, war, or plague stops growth in numbers. Marx said capitalism causes poverty and hunger, so population growth is good, because “every stomach is born with […]


The Fallacy of the Tragedy of the Commons

Garrett Hardin seems to have made the some incorrect assumptions about human behavior — assumptions familiar to students of economics.