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Economic Growth<br />
The debate over rising food prices—rather like<br />
the discussion about the Great Recession—is<br />
dominated by two kinds of arguments. For those<br />
with ascetic tastes, there is the austerity theme: We<br />
are living beyond our means, and rising food prices<br />
presage Malthusian decline. For those impatient<br />
with the jeremiads of scarcity, meanwhile, there is<br />
the promise of intervention: Ingenious technological solutions will<br />
once again raise the carrying capacity of the environment.<br />
2011–2012 25