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The Economics of the Family
The International Library of Critical Writings in Economics Series No. 64
This collection of essays features debate among neoclassical, institutionalist and feminist theorists, providing an invaluable guide to the evolution of economic approaches to the family. The clash of paradigms illuminates some issues of profound concern to economics as a whole, such as the relative importance of altruism and self-interest. Both abstract mathematical models and interdisciplinary approaches are represented, and the empirical articles explore trends in developing as well as advanced industrial countries. The list of specific topics includes bargaining power models, fertility decline, intergenerational transfers, intrahousehold allocation, class inequality, and state policy. The editor's introduction provides a broad overview of the fascinating controversies that are emerging in this relatively new field of economics.
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What Reviewers Are Saying
'This is an extremely useful collection of essays by economists on the family that will be of great value to all those social scientists who would like to have a ready reference to the way in which the debates over the new economics of the family have developed since the 1970s. The book provides an excellent guide to the ways in which economic explanation in this complex area has developed in relation to a number of different fields of inquiry, including fertility decline, intergenerational transfers and intra-household allocations.' -- Jane Lewis, Population Studies 'The volume would serve well as a source-book for a course on family economics.' -- John G. Treble, The Economic Journal