Microeconomics

Optimum Theory of Population-Assumptions, Graph & Criticisms

The optimum theory of population was propounded by Edwin Cannan and Carr-Saunders. This is also a modern theory of population and Edwin described the population growth in relation to country’s total volume of output. Whereas, the earlier study “Malthusian Theory of Population” by Malthus was a little bit narrow. Malthusian theory’s main focus was on…

Microeconomics

Malthusian Theory of Population growth, criticisms & checks

Malthusian Theory of Population Growth: Malthusian theory of population growth addressed the problem of over population. The problem was addressed by Malthus while he was working on his essay “The principle of population”. Malthus examined the relationship between the population growth and the limited resources. From this very same essay, he developed his theory of…