The impact of 7bn people on commodities markets - 1 views
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Since Thomas Robert Malthus wrote ‘An Essay on the Principle of Population’ in 1798, a succession of reports, including Paul Ehrlich’s ‘The Population Bomb’, have focused on doomsday scenarios linking the rapid population growth to scarce and costlier natural resources. Yet, the price of commodities – in real terms, after adjusting by inflation – has, at times, barely reacted to population growth.
