Still, Intuitive Assumptions About Behavior Is Only

Along With Others, I Have Tried To Pry Economists Away From Narrow Assumptions About Self Interest. Behavior Is Driven By A Much Richer Set Of Values And Preferences.

Human Capital Analysis Starts With The Assumption That Individuals Decide On Their Education, Training, Medical Care, And Other Additions To Knowledge And Health By Weighing The Benefits And Costs. Benefits Include Cultural And Other Non-monetary Gains Along With Improvement In Earnings And Occupations, While Costs Usually Depend Mainly On The Foregone Value Of The Time Spent On These Investments.

The Most Fundamental Constraint Is Limited Time

I Am Saying That The Economic Approach Provides A Valuable Unified Framework For Understanding All Human Behaviour

The Treatise Tries To Analyze Not Only Modern Western Families, But Also Those In Other Cultures And The Changes In Family Structure During The Past Several Centuries.