The paper is concerned with the microeconomic foundations of fertility, analyzing three approaches: the Chicago approach, the Pennsylvanian approach and Julian Simon´s approach. The paper highlights the Chicago tradition that perceives children as either consumer goods or capital goods. The...

The paper is concerned with macroeconomic aspects of fertility. Second section starts by outlining the role of population in the history of economic thought, and continues by examining the theory of demographic transition. The fourth section explores the relation between population and economic...