Class Summary 9/26

Basically, there are TWO population theories:
1. Classical ("High Fertility")
2. Modern ("Low Fertility")

• Adam Smith & Karl Marx thought that the world worked with the classical population theory that when families have a little more money and resources they don't make their families richer, they make their families bigger.

• The modern theory is the idea that the fertility rate is fixed throughout society, therefore families save money and create more "high quality children".

We want to know what caused this shift from Classical Population Theory to Modern Population Theory.

We don't have any idea what caused the shift but some important questions we can ask are:

What motivated entrepreneurs to start industrializing?

What is the engine behind all this progress? 

What caused families to make the shift between "quantity children" and "quality children"?