The Economics of the Baby Shortage

  title={The Economics of the Baby Shortage},
  author={Elisabeth M. Landes and Richard A. Posner},
  journal={The Journal of Legal Studies},
  pages={323 - 348}
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.1 Nor is there any basis for a presumption that government does a good job of regulating nonmarket behavior; if… 

The Economics of Wifing Services: Law and Economics on the Family

With the growth of the Law and Economics movement, the extension of economic analysis into legal analysis has become commonplace. This extension derives from the acceptance of an assumption that

Price and Pretense in the Baby Market

Throughout the world, baby selling is formally prohibited. And throughout the world babies are bought and sold each day. As demonstrated in this Essay, the legal baby trade is a global market in

The Economic Efficiency and Equity of Abortion

  • T. Meeks
  • Political Science
    Economics and Philosophy
  • 1990
The author critically examines a 1971 article by Judith Jarvis Thomson concerning fetal personhood and the maternal right to privacy and asserts that the efficiency of different output allocations and even output and wealth as such are neither ethically neutral nor ordinally invariant.

For love and money: the political economy of commercial surrogacy

Since the 1980s, the international market for commercial surrogacy has grown at a quiet but considerable pace. Each year, thousands of women agree to carry, for a fee, the child of another woman.

Mismatched: Adoption Agencies, Parental Desire, and the Economy of Transnational Adoption

Author(s): Macdonald, Sarah Dunbrook | Advisor(s): Fourcade, Marion | Abstract: The United States has historically been the top receiving country for children adopted from abroad. Since 2004, though,

Making motherhood male: surrogacy and the moral economy of women.

  • D. Morgan
  • Economics
    Journal of law and society
  • 1985
In a celebrated paper published in 1978, Elizabeth Landes and Richard Posner articulated perceived defects in the regulatory control of adoptions in the United States by arguing that the prevalent shortage of babies for adoption might be promoted by legal restrictions which prevented the market from operating as freely in the exchange of babies as of other goods.

The evolution of child adoption in the United States,1950-2010 : an economic analysis of historical trends

Annually over 60,000 children in need of care are finding a permanent home through adoption in the U.S. In this study, I use a framework of family economics to examine the evolution of child adoption

The Evolution of Child Adoption in the United States, 1950-2010: An Economic Analysis of Historical Trends

Annually over 60,000 children in need of care are finding a permanent home through adoption in the U.S. In this study, I use a framework of family economics to examine the evolution of child adoption

Toward a Broader Perspective on the Role of Economics in Legal Policy Analysis: A Retrospective and an Agenda from Albert O. Hirschman

  • J. Braucher
  • Economics, Law
    Law & Social Inquiry
  • 1988
Legal thinkers interested in economic analysis of law-whether as believers, doubters or both at once-could profit from greater attention to the writings of Albert 0. Hirschman, an economist whose

A Modest Proposal for a Two Sided Market Clearing Institution Under Asymmetric Supply Constraints with Skewed Pricing: The Market for Adoption and Abortion in the United States

Abortion is arguably the most fundamentally divisive issue in American politics. Abortion and childbirth research has generally omitted theoretical considerations focusing instead on empirical


Herbenich , Remarks on Abortion , Abandonment , and Adoption Opportunities , 5 Philo

  • 1975