A Treatise on the Family: Enlarged EditionImagine each family as a kind of little factory—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 S. 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. |
Contents
SinglePerson Households | 20 |
Division of Labor in Households and Families | 30 |
Human Capital Effort and the Sexual Division of Labor | 54 |
Polygamy and Monogamy in Marriage Markets | 80 |
Assortative Mating in Marriage Markets | 108 |
The Demand for Children | 135 |
A Reformulation of the Economic Theory of Fertility | 155 |
Family Background and the Opportunities of Children | 179 |
Human Capital and the Rise and Fall of Families | 238 |
Altruism in the Family | 277 |
Families in Nonhuman Species | 307 |
Imperfect Information Marriage and Divorce | 324 |
The Evolution of the Family | 342 |
The Family and the State | 362 |
Bibliography | 383 |
411 | |