The Malthusian growth model, sometimes called the simple exponential growth model, is essentially exponential growth based on a constant rate of compound interest. The model is named after the Reverend Thomas Malthus, who authored An Essay on the Principle of Population, one of the earliest and most influential books on population.
At best, it can be described as an approximate physical law as it is generally acknowledged that nothing can grow at a constant rate indefinitely (Cassell's Laws Of Nature, Professor James Trefil, 2002 - Refer 'exponential growth law'). Professor of Populations Joel E. Cohen has stated that the simplicity of the model makes it useful for very short-term predictions and of not much use for predictions beyond 10 or 20 years (How Many People Can The Earth Support, 1995).
Philosopher Antony Flew - in his introduction to the Penguin Books publication of Malthus' essay (1st edition) - argued a "certain limited resemblance" between Malthus' law of population to laws of Newtonian mechanics. This view has been echoed by many other philosophers since.
Also, "e: The Story Of A Number" by Eli Maor (1994) , "What Evolution Is" by Ernst Mayr, (2001) ,"The Complete Idiot's Guide To Calculus" by W. Michael Kelly (2002) and "The Galilean turn in population ecology" Mark Colyvan and Lev R. Ginzburg (2003).
Eponymous laws | Exponentials | Mathematical modeling | Population
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