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 conseque...

A bold critique of conventional economics that reveals why the time and money we devote to care work is vital to our economic future.Our economy is much bigger than the dollar value of things we buy and sell. It depends on us—our health, our creativity, and our moral commitments. These capabilities don't have price tags but are crucial to a sustainable future. We need to acknowledge and reward the value of caring for ourselves and others, especially our children, o...

A major new work of feminism on the history and persistence of patriarchal hierarchies from the MacArthur Award-winning economistIn this groundbreaking new work, Nancy Folbre builds on a critique and reformulation of Marxian political economy, drawing on a larger body of scientific research, including neoclassical economics, sociology, psychology, and evolutionary biology, to answer the defining question of feminist political economy: why is gender inequality so pe...

When does the pursuit of self-interest go too far, lapsing into morally unacceptable behaviour? Until the unprecedented events of the recent global financial crisis economists often seemed unconcerned with this question, even suggesting that "greed is good." A closer look, however, suggests that greed and lust are generally considered good only for men, and then only outside the realm of family life. The history of Western economic ideas shows that men have given themselves more cultural p...

Three paradoxes surround the division of the costs of social reproduction:* Women have entered the paid labour force in growing numbers, but they continue to perform most of the unpaid labour of housework and childcare.* Birth rates have fallen but more and more mothers are supporting children on their own, with little or no assistance from fathers

The COVID pandemic has shaken the material and social foundations of the world more than any event in recent history and has highlighted and exacerbated a longstanding crisis of care. While these challenges may be freshly visible to the public, they are not new. Over the last three decades, a growing body of care scholarship has documented the inadequacy of the social organization of care around the world, and the effect of the devaluation of care on workers, families, and communities. In ...

The time we have to care for one another, especially for our children and our elderly, is more precious to us than anything else in the world. Yet we have more experience accounting for money than we do for time. In this volume, leading experts in analysis of time use from across the globe explore the interface between time use and family pol