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PART ONE - WHAT MAKES A MARKET? EFFICIENCY, ACCOUNTABILITY, AND RELIABILITY OR GETTING THE BABIES WE WANT

Published online by Cambridge University Press:  05 August 2012

Michele Bratcher Goodwin
Affiliation:
University of Minnesota
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Summary

Although economists have studied extensively the efforts of government to regulate the economy, public regulation of social and personal life has largely escaped economic attention. With the rapid development of the economic analysis of nonmarket behavior, the conceptual tools necessary for the economic study of social (as distinct from narrowly economic) regulation are now at hand. Nor is there any basis for a presumption that government does a good job of regulating nonmarket behavior; if anything, the negative presumption created by numerous studies of economic regulation should carry over to the nonmarket sphere.

– Elisabeth Landes and Richard Posner

Part One of this book examines the economic contours of baby making and adoption. This section critiques the ways in which market dynamics have become central to creating families. Assisted reproductive technology is now a multibillion-dollar industry, which thrives on market principles. Not to be overlooked, however, are the ways in which adoption is a global industry, promoted and sustained by economic exchanges between individuals, agencies, and foreign governments. To overlook these contours is to ignore the sociocultural nuances of family making in the twenty-first century. Authors in this section consider the upsides and also the pitfalls of baby markets. They examine who benefits from and who is harmed by the ways in which baby creating and baby sharing operate in the United States and globally.

Type
Chapter
Information
Baby Markets
Money and the New Politics of Creating Families
, pp. 1
Publisher: Cambridge University Press
Print publication year: 2010

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