The austerity policies racking the economies of the European Union have had an interesting negative externality–they have put to flight vast swathes of the populations of entire countries. The sheer scale of the flight, as I will shortly show below, is on par with the kind of mass exoduses normally associated with the wars Europe has tried to forget, and will have devastating long-term consequences for European prosperity and growth.
Recently I have seen a resurgence of Malthusian thinking. Thomas Malthus, the late 18th and early 19th century British economist, put forth An Essay on the Principle of Population, in which he argued that the world was becoming overpopulated at an unsustainable rate. Malthus’ ideas have come in and out of fashion since the early 19th century. Having heard a few people recently make Malthusian arguments, I would like to put forth a few compelling reasons to continue to disbelieve them.