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With world population today edging over seven billion, and with projections for it to reach nine billion by mid-century, the ideas of eighteenth-century English cleric Thomas Malthus-and his grim prediction that war, plague, and famine are the inevitable response to overpopulation--loom ever...
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We consider a demoeconomic model where output is produced using physical capital, human capital and technology as inputs. Human capital depends on the number of people and the level of education in the economy. The dynamics of labour, physical capital, education and technology are endogenously...
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In spite of two centuries of extensive debate, a consistent framework of the classical theory of population on which … economists can universally agree has not been established. This means that either the theory lacks consistency or it has been … nomenclature, the paper intends to clarify the classical theory of population by employing unambiguous definitions of the principle …
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This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...
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