9780674047273-0674047273-Valuing Children: Rethinking the Economics of the Family (The Family and Public Policy)

Valuing Children: Rethinking the Economics of the Family (The Family and Public Policy)

ISBN-13: 9780674047273
ISBN-10: 0674047273
Author: Folbre, Nancy
Publication date: 2010
Publisher: Harvard University Press
Format: Paperback 248 pages
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Book details

ISBN-13: 9780674047273
ISBN-10: 0674047273
Author: Folbre, Nancy
Publication date: 2010
Publisher: Harvard University Press
Format: Paperback 248 pages

Summary

Acknowledged authors Folbre, Nancy wrote Valuing Children: Rethinking the Economics of the Family (The Family and Public Policy) comprising 248 pages back in 2010. Textbook and eTextbook are published under ISBN 0674047273 and 9780674047273. Since then Valuing Children: Rethinking the Economics of the Family (The Family and Public Policy) textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

Nancy Folbre challenges the conventional economist's assumption that parents have children for the same reason that they acquire pets--primarily for the pleasure of their company. Children become the workers and taxpayers of the next generation, and "investments" in them offer a significant payback to other participants in the economy.

Yet parents, especially mothers, pay most of the costs. The high price of childrearing pushes many families into poverty, often with adverse consequences for children themselves.

Parents spend time as well as money on children. Yet most estimates of the "cost" of children ignore the value of this time. Folbre provides a startlingly high but entirely credible estimate of the value of parental time per child by asking what it would cost to purchase a comparable substitute for it.

She also emphasizes the need for better accounting of public expenditure on children over the life cycle and describes the need to rethink the very structure and logic of the welfare state. A new institutional structure could promote more cooperative, sustainable, and efficient commitments to the next generation.

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