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"Passion and theology may sound odd put into the same sentence. But…if theology does not lead to passion about and for God it is useless. —J.I. Packer"

The Economics of the Extended Family: From Risk Management to Human Capital

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June 3, 2021
in Family
The Economics of the Extended Family: From Risk Management to Human Capital
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When we think of analyzing economic organizations, we generally think of firms and corporations.

But there is another organization that is just as critical to economic development: the extended family. Indeed, the advantages offered by this institution are numerous and include risk sharing, mutual aid, human capital building, social capital building, and resource complementarity and coordination.

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Source: Mises
Tags: economicsEconomyfamilymanagementMisesMises Wirerisk
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