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Population Growth and the Standard of Living 161
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Population Growth and the Standard of Living 161
Condition 2 can be intuitively interpreted as implying that in order to be in a state of steady growth of this kind at any given point of time L must be sufficiently small for the pressure of population on the resources of N and k then available to be so slight that output per worker is above the critical level Thusprovided and provided that the absolute size of , D will be constant at D. But if D is constant, L = I. But if n—from equation (11.2)— constant, and
By+ r
Edition 1st Edition
First Published 1968
Imprint Routledge
Pages 2
eBook ISBN 9780203106594