The American Journal of Economics and Sociology

The American Journal of Economics and Sociology publishes scholarly essays in the social sciences, with an emphasis on the intersection of sociology and economics. Also included are book reviews and profiles of historical figures.

Articles from Vol. 63, No. 4, October

Adam Smith's Analysis of Bounties as an Early Example of the Concept of Noneconomic Objectives
I Introduction IT SEEMS THAT economists have finally forgiven Adam Smith for not being David Ricardo. From Ricardo through Jacob Viner, most economic theorists have considered "Smith's contribution to the theory of international trade [to be]...
Bargaining over Housework: The Frustrating Situation of Secondary Wage Earners
I Introduction AS MARRIED WOMEN HAVE ENTERED THE LABOR FORCE, their husbands have not assumed commensurate responsibilities in the home (Robinson and Godbey 1997; Bianchi, Milkie, Sayer, and Robinson 2000). The result has been the notorious "second...
Daddies, Devotion, and Dollars: How Do They Matter for Youth?
I Introduction THE NONTRADITIONAL FAMILY is becoming the norm. For example, in 1988 approximately 35% of eighth graders lived in homes that were not headed by two biological parents (see Table 1), up from 25% in 1970 (Statistical Abstract of...
Editor's Introduction
The word "economics" derives from the Greek word "economicus," which means household management. In ancient Greek times the citizens of places like Athens lived on small farms of less than 10 acres in size and harvested barley, wheat, olives, figs,...
Income Inequality, the Income Cost of Housing, and the Myth of Market Efficiency: "Optimal" for Whom?
ON SEPTEMBER 25, 2001, the Census Bureau released the news that in 2000 the poverty rate had fallen from a year earlier by a half percentage point to 11.3%, not statistically different from the record low of 1973. Welcome news, but celebration would...
Noneconomic Objectives in the History of Economic Thought
I What is a Noneconomic Objective? EXAMPLES OF THE NONECONOMIC OBJECTIVES OF GOVERNMENT WERE RIFE in mercantilist times, and can also be found in classical writings, starting with Adam Smith's Wealth of Nations. The concept of a noneconomic objective,...
Spousal Complementarity in Home Production
I Introduction IN THE TRADITIONAL NEOCLASSICAL FRAMEWORK, marriage is an exercise in comparative advantage, with husbands typically specializing in market work and wives in home production (Becker 1976). Research was similarly specialized, with...
Symposium on Noneconomic Objectives in the History of Economic Thought: Introduction
The papers in this symposium were first presented in a session titled "Noneconomic Objectives in the History of Economic Thought," organized for the History of Economics Society at the Allied Social Science Association Meetings in January 2002. The...
There's No Place like Home: The Relationship of Nonstandard Employment and Home Ownership over the 1990s
I Introduction AFTER A BRIEF RECESSION IN THE EARLY 1990s, the United States experienced a period of economic growth that, until recently, seemed unlimited. One of the apparent manifestations of prosperity in the economy has been the increase...
When Did Equality Become a Noneconomic Objective?
I Whose Objectives? BEFORE ADDRESSING THE QUESTION OF WHAT IS AND WHAT IS NOT an economic objective, we had best be sure as to who we are ,supposing to have such objectives. Given the history of these terms and their close association with international...
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