Political Economy of Demographic Change

Undertakes a critical study of population theory and demographic change in the history of economic thought and then presents an alternative theory of social change within which demographic change can be taken up. This latter kind of theoretical construct is shown to be an endogenous theory of population change and demographic transition wherein policy variables are taken up as ethical parameters endogenously affecting social issues and interactive decisions. Examples here are shown to be fertility decisions of families, migration policies and others. On the contrary, shows that in the history of economic thought it has been an exogenous approach towards explaining optimal population (Malthus theory), dynamic version (Canan) or a policy‐exogenous but fertility‐endogenous theory of household preferences to children as consumer or capital good that has been presented by the neoclassical and classical schools. A brief critique of Marxist view on population change is also covered. In conclusion, tries to establish the logical validity of an endogenous theory of population and points to its empirical possibility.