.@NickSzabo4 Hi, I’m reading your articles about Malthusian economics and the development of agriculture. I have a question:
Show this thread
-
And any capital creation caused by random events (eg a very good harvest) (because the extra grain allows some labor to be freed over the next few harvests and this labor can be used in capital creation) will be balanced by capital depletion due to random events (eg bad harvest)?
Show this thread
Climate and disease don't follow any simple random distribution, though. Positive or negative effects of climate can accumulate over long periods, and diseases can be catastrophic.
