Assessing the New Home Economics with 2020 Vision

Shoshana Grossbard and Andrea H. Beller ()
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Andrea H. Beller: San Diego State University

Chapter Chapter 12 in Constructing a More Scientific Economics, 2022, pp 255-280 from Palgrave Macmillan

Abstract: Abstract In the early 1960s, Becker and Mincer placed households and what they produce at the center of economic analyses dealing with consumption, labor markets, household decisions regarding health, children, and marriage. This school of thought was labeled the New Home Economics (NHE). This chapter provides an assessment of the NHE. Our first contribution is defining the NHE to help determine which other researchers can be considered as being part of the NHE. Second, we offer an assessment of the NHE’s success based on five criteria: awards to its participants, integration of ideas into mainstream economics, NBER’s inclusion of new NHE-led applications of economic investigation, growth of new organizations promoting NHE-related research, and the academic success of early students of Becker and Mincer specializing in NHE.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:paichp:978-3-030-83928-4_12

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DOI: 10.1007/978-3-030-83928-4_12

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