Welcome to the Oxford Research Encyclopedia of Economics and Finance

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Letter from the editor

Political Economy of Protection

"Political economy, which merges ideas from economics and political science, is an interdisciplinary field in which standard mathematically founded economic theory, where economic agents optimize under constraints, is combined with a very active role for politicians and governments that maximize an objective function that is typically not the social welfare function. ..." – By Xenia Matschke

The Economics of Families and Health

"Parents make decisions for their children that affect both their child’s health and their own. Spouses make decisions about formal and household labor, leisure time activities, and finances that may be affected by the health of their partner and/or children as well as their own health. Finally, providing informal care for illness at any stage of life affects the health and wealth of family members both giving and receiving care. ..." – By Susan Averett and Jennifer Kohn

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