Who Cooked Adam Smith's Dinner?: A Story of Women and Economics

How do you get your dinner? That is the basic question of economics. When economist and philosopher Adam Smith proclaimed that all our actions were motivated by self-interest, he used the example of the baker and the butcher as he laid the foundations for 'economic man.' He argued that the baker and butcher didn't give bread and meat out of the goodness of their hearts. It's an ironic point of view coming from a bachelor who lived with his mother for most of his life -- a woman who cooked his dinner every night. Nevertheless, the economic man has dominated our understanding of modern-day capitalism, with a focus on self-interest and the exclusion of all other motivations. Such a view point disregards the unpaid work of mothering, caring, cleaning and cooking. It insists that if women are paid less, then that's because their labor is worth less. Economics has told us a story about how the world works and we have swallowed it, hook, line and sinker. This story has not served women well. Now it's time to change it. A kind of femininst Freakonomics, Who Cooked Adam Smith's Dinner? charts the myth of economic man -- from its origins at Adam Smith's dinner table, its adaptation by the Chicago School, and its disastrous role in the 2008 Global Financial Crisis -- in a witty and courageous dismantling of one of the biggest myths of our time.

About the Author :
Katrine Marçal is a journalist for the Swedish newspaper Dagens Nyheter, where she writes about economics, finance and politics. She lives in a village north of London.

Review :
An excellent argument for the value of feminism as an analytical lens. A masterpiece of rhetoric, clearheaded analysis, and critical imagination. a model of radical thought. Marçal's critique--and the anti-capitalist feminist tradition on which it stands--is a historical insight of unimaginable potential. Katrine Marçal's searing new book exposes the flaws of classical economics and its modern incarnations and in particular its missionary zeal to subordinate all other human aims at the altar of the market. With wit and a hefty dose of anger, she tells a convincing story of the history of economic man. A powerful, and entertaining, story. Marçal provides a complete history of the ideas behind, and subsequent realities of, market economics. She is a writer's writer, using brilliant literary and historical metaphors to bring clarity and life to the story. Marçal, a columnist for the Swedish paper -Aftonbladet, examines the age-old economics question, 'How do you get your dinner?' with thought-provoking results. Marçal's analysis chronicles how this system of capitalism came to exist and demonstrates why the idea of the economic man may no longer be a solid fit. This humorous and accessible examination of serious issues at the crossroads of economics and gender equality is intended to stimulate questions more than to provide answers. Marçal's romp through the development of the field and the work of Smith, Keynes, Freud, the Chicago School, and Lawrence Summers (among others) is as diverting as it is thoughtful, especially as she points out the gaping hole at its center: the places where self-interest and the market can't quite reach. Midway through her book, Marçal writes about Betty Friedan's The Feminine Mystique -- in its own way, this vivid, entertaining work is equally groundbreaking. This is not your standard economics text. Marçal, who writes in snappy (and often spirited) prose, focuses on what an alternative, and more inclusive, economics should look like. An accessible and lively primer on the topic. A well-written and thoroughly researched call to change economics into a discipline that makes "room for the entire human existence" that all economists would do well to heed. A thorough and thoughtful attack on homo economicus, from a feminist standpoint. A no-holds-barred critique of how modern economic theory has largely excluded the contributions of women. She drives her point home with the ferocity of a hammer striking an anvil: economic man is a fiction that excludes women. A sprawling, engaging feminist polemic. Interesting. An interesting and thoughtful read. An exciting reassessment of the global economy that provocatively extends the frontiers of the feminist critique. Wittily written. A smart, funny, readable book on economics, money [and] women.--Margaret Atwood (on Twitter) A spirited and witty manifesto. Commanding rhetoric punctuated with spiky wit. Thoughtfully challenges conventional assumptions about work, productivity, and value. An enjoyable read, and dryly witty.