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The family, although recognized as fundamental from Adam Smith on, received little systematic treatment in economics before the 1950s. A significant exception was Thomas Malthus's model of populaton growth. The work of Gary Becker and others initiated ftuitful research with the application and extension of microeconomic theory and empirical methods. Standard aspects include: A family in Ouagadougou, Burkina Faso in 1997 A family consists of a domestic group of people (or a number of domestic groups), typically affiliated by birth or marriage, or by analogous or comparable relationships — including domestic partnership, cohabitation, adoption, surname and (in some cases) ownership (as occurred in the...
Adam Smith, LL.D., FRS, FRSE (born June 5, 1723 O.S. / June 16 N.S. / July 17, 1790) was a Scottish political economist and moral philosopher. ...
Face-to-face trading interactions on the New York Stock Exchange trading floor Look up economics in Wiktionary, the free dictionary. ...
Thomas Robert Malthus, FRS (February 13, 1766 – December 23, 1834), usually known as Thomas Malthus, although he preferred to be known as Robert Malthus, was an English demographer and political economist. ...
National Science Medal award ceremony, 2000 Gary Stanley Becker (born December 2, 1930) is an American economist. ...
Microeconomics is a branch of economics that studies how individuals, households, and firms make decisions to allocate limited resources [1] , typically in markets where goods or services are being bought and sold. ...
Fertility is the ability of people or animals to produce healthy offspring in abundance, and of the earth to bear fruit. ...
This article or section may contain original research or unverified claims. ...
Gary Beckers rotten kid theorem suggests that family members, even if they are selfish, will act to help one another if their financial incentives are properly linked. ...
Consumers often gain utility not directly from the goods that they purchase, but instead they transform the goods by a household production function into something that they value. ...
Assortative mating (also called Assortative pairing) takes place when sexually reproducing organisms tend to mate with individuals that are like themselves in some respect (positive assortative mating) or dissimilar (negative assortative mating). ...
Perfect information is a term used in economics and game theory to describe a state of complete knowledge about the actions of other players that is instantaneously updated as new information arises. ...
Human capital is a way of defining and categorizing the skills and abilities as used in employment and as they otherwise contribute to the economy. ...
Social security primarily refers to a field of social welfare concerned with social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment, families with children and others. ...
References - Gary S. Becker (1987). "family," The New Palgrave: A Dictionary of Economics, v. 2, pp. 281-86.
- Gary S. Becker (1981, Enlarged ed., 1991). A Treatise on the Family. Cambridge, MA, Harvard University Press. ISBN 0-674-90698-5. (publisher's description & table of contents)
- Yoram Ben-Porath (1982). "Economics and the Family-Match or Mismatch? a Review of Becker's A Treatise on the Family," Journal of Economic Literature, 20(1) (March), pp. 52-64. (JUSTOR)
- Richard A. Berk (1987). "household production," The New Palgrave: A Dictionary of Economics, v. 2, pp. 673-75
- Theodore W. Schultz, ed. (1974). Economics of the Family: Marriage, Children, and Human Capital, Chicago, University of Chicago Press
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