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Tag Archives: human capital

Human societies as studies in relative scarcity: the price of children, the cost of capital

That modernising societies experience a “demographic transition“–a change from high fertility and high death rates to low fertility and low death rates with an intermediate period of high fertility and low death rates–is well known. The likely reason is lags in adjusting to changes in death rates. The price of children Having children is a […]

Norm failure

I have previously posted elsewhere about how similar the failures in indigenous policy and development (particularly foreign aid) policy have been. Remarkably similar, indeed. They also show some distinct similarities to the more unfortunate effects of welfare provision. (By ‘welfare provision’ I do not mean the aged pension or health or education services; I am talking […]