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Gary Baker made several important ideas, especially with respect to the value of time and the importance of human capital, if the proposed new completely for the family to see, through his research named "message about the family," which make it really worth that to receive a Nobel Prize in economics.
Baker explained that Malthus was wrong in his predictions; because it took into account only the number of children and not the quality of children. Care provided to each child, and the costs spent by the parents for the upbringing and polished and has neglected his training to become an attractive and smart. However, these costs are always changing (Health - Education - Entertainment) and, accordingly, the couples would not think of having the largest number of children, even if their income rose, but they will turn to the upbringing of the best means.
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