Note 1507 — XII SOME MODERN PROBLEMS

Mr. J. A. Hobson’s opinion, which is in conformity with that of the great majority of economists, may be noted: ‘there is’, he says, ‘no evidence that the world’s population is outrunning the natural resources; but on the contrary the presumption is that for their fuller utilization a larger population is necessary and thereby could be maintained with a higher standard of living’ (The Declining Birth-rate, p. 75).