Population And Income Doubled – And Most Commodity Prices FellGuest Post
Population And Income Doubled - And Most Commodity Prices Fell
Malthus was wrong, and Julian Simon was right
Last week, the World Bank updated its commodity database, which tracks the price of commodities going back to 1960. Over the last 55 years, the world’s population has increased by 143 percent. Over the same time period, real average annual per capita income in the world rose by 163 percent. What happened to the price of commodities?
Out of the 15 indexes measured by the World Bank, 10 . . .
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