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 An early philosopher who described development as a process whereby people move from a rural, nomadic society with little economic surplus to an agricultural society with greater economic surplus, facilitating population growth was the: (a)physiocrat François Quesnay, who asserted that land generates surplus net product

Economics Dec 05, 2020

 An early philosopher who described development as a process whereby people move from a rural, nomadic society with little economic surplus to an agricultural society with greater economic surplus, facilitating population growth was the: (a)physiocrat François Quesnay, who asserted that land generates surplus net product. (b) Islamic cleric Ibn Khaldun, who condemned interest as usury. (c) medieval scholastic Thomas Aquinas, who developed the modern theory of overpopulation. (d) Chinese advisor to the Emperor Guan Zhong, who made a fortune speculating in grain.

Expert Solution

The answer is C. Medieval scholastic Thomas Aquinas, who developed the modern theory of overpopulation. He had a theory that when people felt that village is not sufficient for their survival, they used to travel to agricultural societies to gain more economic surplus.

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