Surveying the field of the economics of the household, the second edition of this text reviews the theory of the consumer at the intermediate undergraduate level. It then applies and extends it to consumer demand and expenditures, consumption and saving, time allocation among market work, home work, and leisure, human capital emphasizing investment in education, children and health, fertility, marriage, and divorce. Influenced by Gary Becker and his associates, the models developed are used to help explain modern U.S. trends in family behavior. Topics are discussed with the aid of geometry and a little algebra. For those with calculus, mathematical endnotes provide the models on which the text discussions are based and interesting applications beyond the scope of the text.
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(228mm x 152mm x 19mm)
Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - W. Keith Bryant
W. Keith Bryant is Professor Emeritus in the Department of Policy Analysis and Management, Cornell University, New York, where he also chaired that department and the Department of Consumer Economics and Housing. He previously taught at the University of Minnesota. Professor Bryant served as President of the American Council on Consumer Interests, is a Distinguished Fellow of the Council, and also served as a staff member of President Lyndon Johnson's National Advisory Committee on Rural Poverty. He has published in journals such as the Journal of Marriage and the Family, Review of Economics of the Household, the Journal of Business, the Journal of Consumer Research, the Journal of Consumer Affairs, and the Journal of Family and Economic Issues. His current research focuses on the economics of the household with special interest in time use and household production. Cathleen D. Zick is Professor and Chair of the Department of Family and Consumer Studies at the University of Utah. Her research focuses on the economic and socio-demographic factors that affect family well-being. Professor Zick's work has been published in numerous scholarly journals including Demography, the Journal of the Family, the Journal of Gerontology, Social Sciences, Social Science Research, and the Journal of Family and Economic Issues. She serves on five editorial boards and is currently the president-elect of the American Council on Consumer Interests.