Um, in short, NO.
Genetics determine what size you are ‘supposed’ to be. If you deny nutrients to a plant, and it makes seeds, and then you plant them, those seeds will attempt to grow the same size plant as the parental plants tried to grow to. It might be stunted from lack of nutrients in the seed development stage, but if you get seeds from that one, and the next generation, and the next, each will still try to grow the same sized plant as the source genotype.
If you want a smaller plant, you have to actually BREED for it (crossing in new genes from smaller plants, say), rather than just starving it and hoping it will somehow ‘remember’ that is was supposed to be smaller. Genes don’t have memories. It would be like having the mom cut her hair and assuming that all offspring would only grow short hair. Or giving mom not enough protien so her hair stops growing, and assuming that the offspring’s hair wouldn’t grow, either. The environment of one generation does not apply to the next, or not to significant degree.
Same here. Adult size is a combination of factors. Genetics gives you your ‘aimed for’ potential, where you’ll end up with proper nutrition and environment. Before birth, your environment affected the expression of those genes. After birth, your environment also affects development. No matter how small you were at birth, your body will try to acheive the genetic size ‘goal’, assuming you have adequate nutrition. Even if you manage to stunt another generation, you have to start all over each and every time, because each generation will grow to its genetic potential if given the chance. (Plus, if you go below a certain margin, you simply cease to have viable offspring.)
Example: a preemie child grows into a slightly-smaller-than-her-genes-aimed-for mom. She has a baby who is, due to maternal small size, slightly smaller than average. But the father is 6’ 4" and 280 lbs. Child is born slightly smaller than average, but proceeds to grow to be 6’2", because their genes (half from dad) said so. Only a tiny bit of the setup for growth is before birth. Prematurity or other forms of non-optimal growth cause smaller babies, and human development produces babies that meet the maternal size requirements for birth. But you’ve got a good 18 years beyond that to ‘make up for’ any growth issues as much as biologically possible. Most kids end up equalizing in size by age 4, actually (going up to the average range, or dropping down to the average range).
Take my family, for example. Gabe was born at 8 lbs 12 oz. He was rather on the large size. But his genes and his environment are developing him toward slightly taller than average. He will probably be (according to the best estimates of growth I can find) about 5’11". His birth size has little to do with how he grows after birth, his genes and his diet are the main factors. I, myself, was a 6 lb something kid, but am much taller than average (a smidge shy of 5’10"). My neice (who is the same age as Gabe) was about 7 lbs something, and is two inches taller than Gabe, at all of 5 years old. She got all the tall genes, apparently, and her smaller birth size has little to do with how tall she is now. I have an acquaintance who is rather tiny due to slight prematurity herself, who had an 8 lb 12 oz son (whom she birthed fairly easily - apparently those organs developed just fine). The son is looking to be about average, again, as he develops (her husband is also average).
As you can see, where they start is not necessarily where they end up. And each generation, you’d have to start over with the growth retardation to keep getting small babies at all - and that functionally prevents you from going below a certain margin on smaller ones, too - you would just have to get better at stunting them without killing them, and then it would be the environment, not the kids, that are changing. You can’t actually get them to be smaller babies and smaller babies and smaller babies by this method. Genetics is the template, environment before birth is just one set of inputs, and only has limited impact on lifetime growth. Without tinkering with the genes, you won’t be able to create micro-humans.
Does that make sense?