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I mean, I literally said "economic theory", the basic idea is that you simplify the assumptions to make a point. That's literally what most of economics is!

In the real world, the assumptions are weaker and the dynamics are much more complicated than a toy model, but you can still transfer the same conclusions - in this example, that pension requires making babies and that without a good negative feedback mechanism, the system eventually collapses.



> In the real world, the assumptions are weaker and the dynamics are much more complicated than a toy model

1: Correct.

> but you can still transfer the same conclusions

2: Incorrect, see 1.




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