Family economics applies basic economic concepts such as production, division of labor, distribution, and decision making to the study of the family. Using economic analysis it tries to explain outcomes unique to family—such as marriage, the decision to have children, fertility, polygamy, time devoted to domestic production, and dowry payments.
The family, although recognized as fundamental from Adam Smith onward, received little systematic treatment in economics before the 1960s. Important exceptions are Thomas Robert Malthus' model of population growth[1] and Friedrich Engels'[2] pioneering work on the structure of family, the latter being often mentioned in Marxist and feminist economics. Since the 1960s, family economics has developed within mainstream economics, propelled by the new home economics started by Gary Becker, Jacob Mincer, and their students.[3]Standard themes include:
fertility and the demand for children in developed and developing countries[4]
child health and mortality[5]
interrelation and trade-off of 'quantity' and 'quality' of children through investment of time and other resources of parents[6][7][8]
altruism in the family, including the rotten kid theorem[9]
sexual division of labor, intra-household bargaining, and the household production function.[
mate selection,search costs, marriage, divorce, and imperfect information
family organization, background, and opportunities for children[
intergenerational mobility and inequality,[14] including the bequest motive.[
human capital, social security, and the rise and fall of families
macroeconomics of the family.
Several surveys, treatises, and handbooks are available on the subject
The situation above is an example of correctional behaviorist since the teacher performed rectification in the behavior of her student, Amani during the course of the situation. This may incur negative or positive effects to the person depending on how the person takes the criticism.
In <u>Inmates of the Boys' Training School vs. Affleck</u>, a federal court argued that rehabilitation is the true purpose of the juvenile court and that, without that goal, due process guarantees are violated.
In 1970 when the Aswan High Dam was completed, the annual Nile floods and sediment stopped for most of Egypt's civilisation which lived downstream. In addition to creating electricity, the dam allowed Egyptians to control the flow of water and build upon the Nile's banks with certainty that it wouldn't be flooded.
