This paper examines human capital investment in rural households of developing countries, where child labour is prevalent. There are two features to the model: first, children contribute in an economic sense through child labour and through old-age security. Therefore, demand for children is...

This paper argues that if Economics is to shed light on urgent socio-economics issues and suggest appropriate remedies, Labour Economics must be expanded to encompass work as creative endeavour, -an escape from social isolation, - and acknowledge the analytical implications in the workplace as a...

In this article, we portray the state of technically diverse economies as the outcome of probabilistic equilibria. We provide the steady state distributions of current technologies, unemployment, wages and job durations thus allowing the comparison of situations with identical mean values but a...

The purpose of this paper is to examine the role of financial capital markets in influencing demand for children in developing countries. As such it is also important to consider their contributions to current utility through child labour. The incorporation of this aspect provides an alternative...

This brief article is by way of an extended comment on that piece which happened to contain factual claims central to the empirical research programme of one of us, and ethical and political issues of concern to us both. As readers will see, our view is that in his essay on cheap labour, (as...