23 Facts About Feminist economics

Feminist economics is the critical study of economics and economies, with a focus on gender-aware and inclusive economic inquiry and policy analysis.

Feminist economists pushed for and produced gender aware theory and analysis, broadened the focus on economics and sought pluralism of methodology and research methods.

Central principle of mainstream Feminist economics is that trade can make everyone better off through comparative advantage and efficiency gains from specialization and greater efficiency.

Feminist economics call attention to the importance of non-market activities, such as childcare and domestic work, to economic development.

Feminist economics often assert that power relations exist within the economy, and therefore, must be assessed in economic models in ways that they previously have been overlooked.

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Feminist economics argue that gender and race must be considered in economic analysis.

Feminist economics includes study of norms relevant to economics, challenging the traditional view that material incentives will reliably provide the goods we want and need, which does not hold true for many people.

Institutional economics is one means by which feminist economists improve upon the homo economicus model.

Feminist economists, argue on the contrary that a mathematical conception of economics limited to scarce resources is a holdover from the early years of science and Cartesian philosophy, and limits economic analysis.

Feminist economists say that mainstream economics has been disproportionately developed by European-descended, heterosexual, middle and upper-middle-class men, and that this has led to suppression of the life experiences of the full diversity of the world's people, especially women, children and those in non-traditional families.

Michele Pujol points to five specific historical assumptions about women that arose, became embedded in the formulation of Feminist economics, and continue to be used to maintain that women are different from the masculinized norms and exclude them.

Central to feminist economics is an effort to alter the theoretical modeling of the economy, to reduce gender bias and inequity.

Many feminist economists argue economics should be focused less on mechanisms or theories and more on well-being, a multidimensional concept including income, health, education, empowerment and social status.

Gary Becker and new home economists introduced the study of "the family" to traditional Feminist economics, which usually assumes the family is a single, altruistic unit among which money is distributed equally.

Feminist economics economists join the UN and others in acknowledging care work, as a kind of work which includes all tasks involving caregiving, as central to economic development and human well-being.

Feminist economics economists have argued that unpaid domestic work is as valuable as paid work, so measures of economic success should include unpaid work.

Feminist economics economists have highlighted power and inequality issues within families and households.

Feminist economics's argues that traditional understandings of globalization over-emphasize the power of global capital flows, the uniformity of globalization experiences across all populations, and technical and abstract economic processes, and therefore depict the political economy of globalization inappropriately.

Feminist economics's explains that the concept of globalization itself is gender biased, because its depiction as "dominant, unified, [and] intentional" is inherently masculinized and misleading.

Feminist economics's suggests that feminists critique such narratives by showing how a "global economy" is highly complex, de-centered and unclear.

Feminist economics economists call for a shift in how economic success is measured.

Feminist economics continues to become more widely recognized and reputed as evidenced by the numerous organizations dedicated to it or widely influenced by its principles.

Feminist economics is often linked with welfare economics or labour economics, since it emphasizes child welfare, and the value of labour in itself, as opposed to the traditional focus exclusively on production for a marketplace.