Methodology, Measurement, Analysis and Policy: A Global Perspective
First, it was noted that, while the role of households and household production in an economy was raised or dealt with by several eminent economists and sociologists more than 70 years ago, its recognition had been slow. More recently, organizations and mainstream economists have given increasing recognition and attention to the role of household production. This progress is due chiefly to the persistent efforts in the past decade or so of numerous international researchers, notably those by Duncan Ironmonger and his colleagues in North America, the European Union and Oceania. The theme and the message of the preceding chapters are that proper recognition and measurement of the role of households and household production is essential to an appropriate, efficient and equitable analysis of economic management in both developed and developing countries.