A Treatise on the Family: Enlarged Edition

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A Treatise on the Family: Enlarged Edition
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Imagine each family as a kind of little factoryâ€•a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another. The consideration of the family from this perspective has profound theoretical and practical implications. For example, Becker's analysis of assortative mating can be used to study matching processes generally. Becker extends the powerful tools of economic analysis to problems once considered the province of the sociologist, the anthropologist, and the historian. The obligation of these scholars to take account of his work thus constitutes an important step in the unification of the social sciences. A Treatise on the Family will have an impact on public policy as well. Becker shows that social welfare programs have significant effects on the allocation of resources within families. For example, social security taxes tend to reduce the amount of resources children give to their aged parents. The implications of these findings are obvious and far-reaching. With the publication of this extraordinary book, the family moves to the forefront of the research agenda in the social sciences.
Country USA
Brand Harvard University Press
Manufacturer Harvard University Press
Binding Paperback
ItemPartNumber 688456
ReleaseDate 1993-10-15
UnitCount 1
EANs 9780674906990

Country	USA
Brand	Harvard University Press
Manufacturer	Harvard University Press
Binding	Paperback
ItemPartNumber	688456
ReleaseDate	1993-10-15
UnitCount	1
EANs	9780674906990

A Treatise on the Family: Enlarged Edition

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