Posts Tagged ‘non-market household work’

  • Vacuum cleaner.

    Home Economics

    May 29, 12 • 118 Views • Demand, Supply, and Markets, Economic Debates, Economic History, Economic Thinkers, Government, Labor, Macroeconomic Measurement, UncategorizedNo Comments

    What if we think of a household as a production unit that does child care, gardening, cooking and cleaning? And, if the work in the home is “outsourced” when people hire a nanny, a housekeeper, a gardener or do take-out for dinner, then the GDP reflects...