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The Economics of the Family and Family Policy (Hardcover)
Loot Price: R2,943
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The Economics of the Family and Family Policy (Hardcover)
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This comprehensive and authoritative book offers a global approach
to the modern economics of the family, family law and family
policy. Beginning with the division of labour in the family, this
book deals with the economics of marriage, the demand for children,
inter-generational relationships, and the economics of inheritance.
The family is analysed using the theory of utility maximisation
assuming that individuals wish to achieve the greatest possible
satisfaction with limited resources and imperfect knowledge. The
family is examined from both long and short term perspectives, and
it is assumed that the family is cooperative with incentives for
altruistic behaviour greater than in any other social group.
Francisco Cabrillo then develops the analysis to include a
discussion of the economics of family policy, an area not widely
discussed in the existing literature, with special reference to the
European Union. He makes use of simple and clear analytical models,
such as neoclassical optimization and game theory, to explain the
rationality of individual behaviour in the family and the responses
to the incentives created by public policies. The Economics of the
Family and Family Policy will be essential reading for economists
interested in the family, public policy as well as sociologists and
policymakers.
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