Graphical Model of Malthusian Dynamics with Shifting Technology
The relationship between population and wages in pre-industrial England can be modeled using downward-sloping convex curves, where each curve represents a specific level of technology. Historical data shows that points from the 17th century, such as for the year 1600, fall on a lower curve, while points from the 18th century (e.g., 1740, 1800) lie on a higher, parallel curve. The upward shift from the lower to the higher curve illustrates a technological advancement that raised overall productivity. However, the downward slope of each curve represents the 'movement toward subsistence income,' showing that as population grew, wages were still pushed down by Malthusian pressures, just from a higher starting point.
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Graphical Model of Malthusian Dynamics with Shifting Technology
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