Economic history of the world essay

According to Clark, the Malthusian trap was effective in helping the wealthy individuals to hold the population within a given wage range that ensured the peasants could not move upwards economically (Clark 57). He bases his argument by comparing the economic statistics of the years 1200 to 1800 and the years after 1800. Per se, the population effect on the economic mobility was that any increase would be met by an increase in the population which would effectively ensure that they are trapped in the same situation as before the development. The extra population born after every economic prosperity meant that the surplus production had to satisfy increased demand. On the other hand, Grantham argues that the numerous market incentives introduced in the European feudalism era had the negative impact on economic growth since they did not have the interests of the mass at heart (Granthan 53).