A Macro-Micro Classical Political-Economy Approach to Well-Being Gender Budgets

Antonella Picchio

Politica economica, 2015, issue 2, 155-174

Abstract: In this paper we put public budgets in the context of current neoliberal austeritypolicy, clarifying along the way a widespread confusion between budgets as accountingtools and budgets as policy. In so doing we use first the surplus approach (Smith, Ricardo,Marx and Sraffa), as an open, policy-oriented framework that can acknowledge social complexityand deal with the current tensions inherent in the functional distribution between financialcapital and living conditions. This approach places the normal conventional costs ofsocial reproduction of labour at the centre of the determination of wages, residual profits andof the analysis of capital as «necessary consumption». This allows us to take social expenditureout of its present analytical marginality. We then expand the analysis of wages, usingAmartya Sen's well-being concept of standards of living as a multidimensional composite of«capabilities and functionings», i.e. as potential and effective individual «doings and beings».Finally, we go back to budgets to introduce the idea of Well-Being Gender Budgets as experimentalaccounting tools, able to reflect the complex relation between means - public resources- and ends - the well being of real women and men embedded in social contexts.

Keywords: austerity; social reproduction; surplus approach; well-being; gender budgets. (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:mul:je8794:doi:10.1429/80931:y:2015:i:2:p:155-174

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