Search Results

“... In our hearts, most of us are Malthusians. We associate mass starvation with too many people chasing too little food. There are too many people because they reproduce themselves too fast, in ‘geometric progression’, as Malthus put it. There is too little food because the supply of food cannot keep pace with the pressure of population. From time to time, there are famines, natural disasters like drought, flood or blight, which reduce the supply of food sharply, causing widespread death ...”

“... analysis of India’s macroeconomic fortunes from the early Sixties to the early Nineties, Vijay Joshi and Ian Little argued that until the beginning of the Eighties, its macroeconomic management had been good.† In the face of severe shocks, such as droughts and the oil price rises of the Seventies, India avoided high inflation and serious ...”