A Treatise on the Family: Enlarged Edition

Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another. The consideration of the family from this perspective has profound theoretical and practical implications. For example, Becker's analysis of assortative mating can be used to study matching processes generally. Becker extends the powerful tools of economic analysis to problems once considered the province of the sociologist, the anthropologist, and the historian. The obligation of these scholars to take account of his work thus constitutes an important step in the unification of the social sciences. A Treatise on the Family will have an impact on public policy as well. Becker shows that social welfare programs have significant effects on the allocation of resources within families. For example, social security taxes tend to reduce the amount of resources children give to their aged parents. The implications of these findings are obvious and far-reaching. With the publication of this extraordinary book, the family moves to the forefront of the research agenda in the social sciences.

This truly pathbreaking book marries techniques and problems hitherto regarded as utterly incompatible--rigorous economic reasoning to understanding the family. The marriage is astoundingly productive. It is destined to affect the foundations of every science dealing with human behavior. Milton Friedman

Becker dazzles the reader...To challenge us collectively to think about what we could not yet explain was Gary Becker's gift to us in the original edition of A Treatise on the Family. The new edition is a reminder that we still have far to go. Warren C. Sanderson - Science

The most important book on the family to appear in many years. Becker's stark economic conception of action cuts through the romantic mist that so often blinds social scientists to the hard choices faced by families and their members. Michael T. Hannan

Destined to have a significant impact on a number of different disciplines, including economics, sociology, psychology, anthropology, history, demography, epidemiology, and biology. Journal of Economic Literature

Imagine each family as a kind of little factory--a multiperson unit producing meals, health, skills, children, and self-esteem from market goods and the time, skills, and knowledge of its members. This is only one of the remarkable concepts explored by Gary Becker in his landmark work on the family. Becker applies economic theory to the most sensitive and fateful personal decisions, such as choosing a spouse or having children. He uses the basic economic assumptions of maximizing behavior, stable preferences, arid equilibria in explicit or implicit markets to analyze the allocation of time to child care as well as to careers, to marriage and divorce in polygynous as well as monogamous societies, to the increase and decrease of wealth from one generation to another.

Gary S. Becker is Winner of the 1992 Nobel Prize in Economics

Gary S. Becker is University Professor of Economics and Sociology at the University of Chicago. In 1992, he was awarded the Nobel Prize in Economics.

University Professor of Economics and of Sociology, University of Chicago

Preface to the Enlarged Edition

Introduction

1. Single-Person Households

2. Division of Labor in Households and Families

Supplement: Human Capital, Effort, and the Sexual Division of Labor

3. Polygamy and Monogamy in Marriage Markets

4. Assortative Mating in Marriage Markets

5. The Demand for Children

Supplement: A Reformulation of the Economic Theory of Fertility

6. Family Background and the Opportunities of Children

7. Inequality and Intergenerational Mobility

Supplement: Human Capital and the Rise and Fall of Families

8. Altruism in the Family

9. Families in Nonhuman Species

10. Imperfect Information, Marriage, and Divorce

11. The Evolution of the Family

Supplement: The Family and the State

Bibliography

Index