Customer Review

1 of 1 people found the following review helpful
5.0 out of 5 stars An excellent analysis of child rearing economics, October 4, 2008
Verified Purchase(What's this?)
This review is from: Valuing Children: Rethinking the Economics of the Family (The Family and Public Policy) (Hardcover)
Professor Folbre maintains that economists and policy strategists should view child rearing as an investment in human capital instead of consumption goods. Unlike pets and livestock, child rearing will strongly affect economic development in various aspects.

To her, child rearing is a transfer of intergenerational income flows that "represents a cost to parents" (P.48). The whole investment process is also constrained and coordinated by contractual arrangements that channel the circular flows of resources between parents and children, parents and non-parents, family and non-family. The flow of resources involves market income and non-market work but the current national income accounting fails to measure the amount of time devoted to child rearing that can be very costly to parents (P.97) because they have to allocate time to care for their children that can reduce their time they devote to market income (P.185).

This book is an excellent analysis of child rearing economics. Mainstream economists view child rearing as a process of consumption in which parents can derive happiness. Professor Folbre develops a new thinking about child rearing economics and rather than viewing child rearing as outputs of resources, she maintains that child rearing represents indispensable inputs into the national economy. Policy strategists in the government are encouraged to undertake an intensive review of family policy packages that can align private and public resources in promoting efficient commitments to the next generation.

This book is highly recommended to readers who are interested in microeconomics and social policy.
Help other customers find the most helpful reviews 
Was this review helpful to you? Yes No

Be the first person to comment on this review.

[Add comment]
Post a comment
To insert a product link use the format: [[ASIN:ASIN product-title]] (What's this?)
Amazon will display this name with all your submissions, including reviews and discussion posts. (Learn more)
Name:
Badge:
This badge will be assigned to you and will appear along with your name.
There was an error. Please try again.
Please see the full guidelines here.

Official Comment

As a representative of this product you can post one Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
The following name and badge will be shown with this comment:
 (edit name)
After clicking the Post button you will be asked to create your public name, which will be shown with all your contributions.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.  Learn more
Otherwise, you can still post a regular comment on this review.

Is this your product?

If you are the author, artist, manufacturer or an official representative of this product, you can post an Official Comment on this review. It will appear immediately below the review wherever it is displayed.   Learn more
 
System timed out

We were unable to verify whether you represent the product. Please try again later, or retry now. Otherwise you can post a regular comment.

Since you previously posted an Official Comment, this comment will appear in the comment section below. You also have the option to edit your Official Comment.   Learn more
The maximum number of Official Comments have been posted. This comment will appear in the comment section below.   Learn more
Prompts for sign-in
 


Review Details

Item

4.0 out of 5 stars (4 customer reviews)
5 star:
 (3)
4 star:    (0)
3 star:    (0)
2 star:    (0)
1 star:
 (1)
 
 
 
Used & New from: $18.17
Add to wishlist
Reviewer


Location: Shanghai, China

Top Reviewer Ranking: 55,310