New answers tagged industrial-revolution
Daniel Drezner in his course Foundations of Economic Prosperity suggests that human history can be portrayed as a hockey stick; almost all the progress in human history has occurred since the industrial revolution.
Your hypothetical is what Thomas Malthus warned against in 1798. He believed that technical progress would continue in a straight line, while population would grow faster. That is in fact, what happened in China. But the western world escaped the Malthusian trap by generating exponential growth that beat the population growth.
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