Many women make great sacrifices for motherhood at the expense of their careers.
Mother’s Day is a splendid opportunity to think about the evolving economic effects of women as parents, how this influences their economic lives and how women value motherhood in economic terms. None of this is especially sentimental, which is fine, for it is too weighty an issue to be left to mere sentiment.
This is as good a time as any to remind readers of how little the world changed until about 1700. In the most advanced parts of the world, development prior to 1700 was dwarfed by that of the next century. This development continues to have some of its most profound effects on family formation.