The Invisible Heart: Economics and Family Values

A brilliant new approach to the economics of caregiving, from the MacArthur Award-winning economist. There has been much talk about family values in recent years, but little examination of the economic forces that are exploding family life and limiting the caregiving that families can provide. As Folbre points out in her provocative and insightful new book, every society must confront the problem of balancing self-interested pursuits with care for othersincluding children, the elderly, and the infirm. Historically, most societies enjoyed an increased supply of care by maintaining strict limits on women's freedom. But as these limits happily and inevitably give way, there are many consequences for those who still need care. Using the image of "the invisible heart" to evoke the forces of compassion that must temper the forces of self-interest, Folbre argues that if we don't establish a new set of rules defining our mutual responsibilities for caregiving, the penalties suffered by the needyour very familieswill increase. Intensified economic competition may drive altruism and families out of business. A leading feminist economist, Nancy Folbre writes in a lively, personal styleMolly Ivins cheek-to-cheek with John Kenneth Galbraithand develops a distinctive approach to the economics of care. Unlike others who praise family values, Folbre acknowledges the complicated relationship between women and altruism. Her book offers new interpretations of such policy issues as welfare reform, school finance, and progressive taxation, and it confronts the challenges of globalization, outlining strategies for developing an economic system that rewards both individual achievement and care for others. Chapters include: The Milk of Human Kindness The Care Penalty Measuring Success The Nanny State Children as Pets Robin Hood School The Golden Eggs CorporNation Dancing in the Dark

Nancy Folbre, a MacArthur Fellow, teaches economics at the University of Massachusetts at Amherst and is co-author of The Ultimate Field Guide to the US Economy and The War on the Poor (both from The New Press) and author of Who Pays for the Kids? She is an associate editor of the journal Feminist Economics and president-elect of the International Association of Feminist Economics.