Cultural Norms and Economic Outcomes
Consider two isolated, pre-industrial societies, both with identical fixed amounts of agricultural land and the same level of farming technology. Society A has strong cultural norms that encourage early marriage and large families. Society B has cultural norms that favor later marriage and smaller families. Based on the principle that human populations in such economies are governed by the availability of resources, analyze how the long-run equilibrium level of income per person would likely differ between these two societies. Explain your reasoning by detailing the mechanisms at play.
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