ENST 201 1st Edition Lecture 1Outline of Last Lecture I. N/AOutline of Current Lecture I. IntroductionII. CornucopiansIII. MalthusiansIV. Neo-MalthusiansCurrent LectureI. Introductiona. North Carolina furniture industry is declining due to:i. Maladaption of new competition from Chinese furniture industriesii. Refusal to change old ways1. Ex. Chinese furniture is geared toward the lower class, because ofits cheap prices, so Italian and German furniture companies combatted this new competition by selling higher quality furnituregeared toward the upper class. They lose the lower sect customers, but gain the higher sect customersII. Cornucopiansa. Believe that there are no problems that human ingenuity can’t solve and that themarket will resolve all the problemsb. Julian Simon, major figure in cornucopianismi. Attacked family planning agendas, because he believed the more people the higher the chance that someone will have innovative ideas.ii. Did not believe in resource shortages, believes we should just let markets do their own thing1. Low supply and high demand in the market will push people to improve by looking for alternative products and ways to create those productsc. Don’t believe in climate changei. Believe only God can change the climate.III. Malthusiansa. Thoughts came from John Malthusb. Believe that humanity is doomed due to the increasing human populationThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.i. Exponential (J-curve): human growthii. Arithmetic: Food production (determines carrying capacity of the populationc. War, famine, and disease keeps human population in checki. Malthus did not predict technological advances pushing up the carrying capacity1. Ex. Fertilizer, pesticides, industrial agricultureIV. Neo-malthusiansa. Paul Erlich: “Father of Neo Malthusianism”b. Believe that faith should not be put solely into marketsi. Should be regulated and given signals to go in the right direction1. Market failures: Great Depression, climate change, antibiotic
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