A Road Not Taken? A Brief History of Care in Economic Thought
Forthcoming in European Journal of the History of Economic Thought
20 Pages Posted: 17 Oct 2019
Date Written: October 8, 2019
Care is central to the human experience and part of the social provisioning process. Adam Smith recognized this, associating care with sympathy. Later contributions in the political economy tradition also provide scope for an analysis of care, but none as developed as Smith’s. With the emergence of the current mainstream, care is marginalized. Kenneth Boulding’s analysis provides an opportunity to interrogate care in the economy, but he fails to explicitly acknowledge care. It is left to feminist economics to highlight the centrality of care. An implication is that it challenges the conventional rubric of economic organization predicated on self-interest.
Keywords: care, Smith, feminist economics, Boulding, social provisioning
JEL Classification: B10, B54, I00, Z00
Suggested Citation: Suggested Citation