Breastfeeding exemplifies the need to properly account for women’s unpaid caring
and reproductive work in economic statistics, and for the households’ creation of human
capital. Although all commodities including human milk are within the scope of GDP as
defined by international agreement since 1993,1 standard national accounting practices
exclude measurement of human milk production. An important reservation by national
accountants is about whether “economic pricing” is important for demand and supply in
these markets, that is, whether breastfeeding and trade in human milk meets the test of
“sensitivity to economic rewards” (Kravis 1957).
This chapter explores the potential for the contemporary emergence of markets in
breastmilk and breastfeeding to improve the recognition of women’s unpaid breastfeeding
work, by reviewing whether economic rewards influence breastfeeding, and using
contemporary market prices for breastmilk to compare the economic value of breastmilk
and milk formula for selected countries in Asia, Europe, and North America.