Meet Me and Malthus at Dinosaur BBQ
By Christian Kim
MIA 2009
The recent spike in global food prices touched off a storm of violent protests in developing nations and unsettled those keeping close tabs on the global economy. Unbelievably, many economists failed to anticipate that an increased demand for biofuels would lead to more expensive grain, which in turn has had a deleterious effect on the purchasing power of the world’s poor and exacerbated their struggle for survival.
Perhaps this food supply shock, in addition to the increasingly serious debate among analysts about the veracity of "peak oil" and concerns over the future supply of potable water prompted a May edition of the Economist to publish an article entitled, “Malthus, The False Prophet.” Thomas Malthus’ 1798 thesis, “An Essay on the Principle of Population,” postulated that future food production would fail to keep pace with population growth because the former had finite parameters whereas the latter, in theory, did not. According to the Economist, while Malthus presents “arguably an accurate description of pre-industrial societies, which teetered on the balance between empty and full stomachs,” his prediction of food shortages in face of exponential population increases (which has gone from nearly one billion people in 1798 to 6.7 billion today) has proved to be but an empty jeremiad.












