Why was Rome rich...
2009-01-19 · Original WordPress address
...and Clark not wrong?
notsneaky explains why even in Malthusian economies, we can see long episodes of above subsistence living standards.
Speaking of bubbles. Are we in a centuries long Malthusian bubble now? If so, what was the shock that got us there? By notsneaky's analysis it'd have to be a biggie.