A Book Review

Family Economics by Dr. P. C. Aniyankunju is a thoughtful treatise that reflects four decades of the author’s work and wisdom. This book draws from the author’s diverse engagements, as a teacher of Economics in arts and science colleges, a marriage counsellor, a theologian, and a faculty member of the John Paul II Pontifical Institute for Marriage and Family The book  is distinguished for its blend of  analytical rigour and practical wisdom that is grounded in sound values that sustain  family life which inevitably has to engage with financial management.

Structured with academic precision, the book resembles a doctoral thesis, complete with well-organized chapters, systematic references, and clear argumentation. Yet beneath its scholarly form it engaged a deeply human concern: the health of the family as the nucleus of society.

Dr. Aniyankunju begins by tracing the etymology of the word economics to the Greek oikonomia, which literally is household management. In this light, the term family in the title of the book may appear redundant, but is a reminder of the vital aspect of economics, which is not about theories dealt in scholarly circles or in political parlance. The book proceeds to take the readers on a historical journey through the evolution of economics and its enduring relationship with the family unit.

As economic systems and social structures have transformed, so too has the family. The author examines these shifts, highlighting both the gains and the strains that modernity has brought to family dynamics. He then explores its practical aspects—financial literacy, budgeting, credit management, saving, and investment—providing readers with useful tools such as checklists for financial outlook and formats for preparing a family budget.

In its concluding chapter, the book widens its lens to a moral and spiritual outlook. It reminds readers that economics, detached from ethics and faith in God, risks losing its human purpose.

The call for prudence and discipline in personal finance is especially urgent today, when household debts are rising worldwide and consumerism often poses as prosperity. The IMF projects that global public debt may exceed 100% of global GDP by 2029. This warning is to be taken seriously and the remedy must begin at home. The practical value of the book lies here.

Family Economics is both a teacher’s guide and a call to action. It deserves a place not only in economics but also in catechetical and value education curricula. Its holistic approach—combining the practical, moral, and spiritual dimensions of economic life—makes it a timely contribution to conversations on sustainable living and responsible citizenship.

Dr. Aniyankunju’s work ultimately will serve to reach the expected outcome: the welfare and happiness of the family and the formation of future generations.