ENST 201 1st Edition Lecture 1 Outline of Last Lecture I N A Outline of Current Lecture I Introduction II Cornucopians III Malthusians IV Neo Malthusians Current Lecture I II III Introduction a North Carolina furniture industry is declining due to i Maladaption of new competition from Chinese furniture industries ii Refusal to change old ways 1 Ex Chinese furniture is geared toward the lower class because of its cheap prices so Italian and German furniture companies combatted this new competition by selling higher quality furniture geared toward the upper class They lose the lower sect customers but gain the higher sect customers Cornucopians a Believe that there are no problems that human ingenuity can t solve and that the market will resolve all the problems b Julian Simon major figure in cornucopianism i 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 thing 1 Low supply and high demand in the market will push people to improve by looking for alternative products and ways to create those products c Don t believe in climate change i Believe only God can change the climate Malthusians a Thoughts came from John Malthus b Believe that humanity is doomed due to the increasing human population These 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 IV i Exponential J curve human growth ii Arithmetic Food production determines carrying capacity of the population c War famine and disease keeps human population in check i Malthus did not predict technological advances pushing up the carrying capacity 1 Ex Fertilizer pesticides industrial agriculture Neo malthusians a Paul Erlich Father of Neo Malthusianism b Believe that faith should not be put solely into markets i Should be regulated and given signals to go in the right direction 1 Market failures Great Depression climate change antibiotic resistance
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