Over at Mere Orthodoxy, Michael Hendrix has a great post on Nick Schulz’s book “Home Economics: The Consequences of Changing Family Structure:”
Nick Schulz is frustrated. He’s frustrated that economists talk about the role of institutions in the American economy, yet ignore the most fundamental one of them all: the family. With a career built on writing about the roots of economic growth, Schulz has realized that you can’t understand today’s economy—from the need for human capital to rising inequality— without considering the platoons of moms, dads, and children that form the backbone of American society. And the situation is not pretty. The American family is in a state of crisis, which in turn is having a profound impact on the economy. Yet too many experts remain silent for fear of becoming collateral damage in America’s culture wars. Nick Schulz wrote Home Economics for these silent ones who have ignored the family’s role in the economy. He concludes as former Secretary of Education Bill Bennett did, finding that the “family is the original and best Department of Health, Education, and Welfare.” …The decline of the American family is the most pressing challenge of the 21st century. As Nick Schulz has so rightly shown in his new book, our economy needs strong families—and our society depends on them. We should stop ignoring this reality.Read more at Mere Orthodoxy.