Chapter 11: Classical population theory
This chapter introduces a new topic: children. I demonstrate in the following chapters (but not this chapter) that vanity plays a key role in many important decisions related to children in modern societies, such as whether to have children, how many to have and how much to invest in their education. Before studying the 'vanity theories of population', however, this chapter presents the classical population theory, in which vanity plays no role. The theory posits that, for most of human history, as with other animals, fertility has not really been a choice but simply a by-product of sex. As simple as it is, this theory is surprisingly powerful in explaining population and economic growth in ancient times. It also provides a comparison benchmark for modern fertility theories. Therefore this classical theory is still often taught in population and development economics courses today. The classical population theory was developed by Thomas Malthus (1798). Malthus's theory has three important components. First, humans have only two desires: food and sex. Second, there is a subsistence level to food consumption. If a person consumes below the subsistence level, they will die. However, once they obtain enough food to consume at the subsistence level, their only remaining desire is sex. Third, as a population increases, the wage rate decreases. These assumptions appear to be overly simplified in the contemporary world. But they made a great deal of sense in ancient times. For most of human history, people lived on farms and had simple consumption styles.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.