Malthusian Stagnation is Efficient


  • ISU General Staff Papers


  • Malthusian economies are generally deemed inefficient: stagnated, highly unequal, and densely populated by a labouring class prone to high fertility. This article defines and characterizes efficient allocations in Malthusian environments of fixed resources and endogenous fertility. We show, that under general conditions, efficient allocations exhibit stagnation in standards of living, inequality, differential fertility, and a high population density of poorer individuals.

fecha de publicación

  • 2016-11

Área temática

Líneas de investigación

  • Efficiency
  • Endogenous Fertility
  • Stochastic Abilities


  • 2,01611E+17