This article examines the role of women in Hobbes's economic thought. First, I frame Hobbes's economic thought in relation to his philosophical materialism so as to underscore the extent to which Hobbes's materialism entails the insight that human beings are, by definition, productive, economic creatures. I argue that his description of the economy, even without explicit acknowledgment, necessarily positions women as crucial economic actors. I then consider the implications of this in relation to the feminist possibilities of Hobbes's gender politics. I conclude that when deliberating on this question, we face the same conundrum that is evident in all literature considering Hobbes and gender. His radical comments about women in the state of nature are undermined by his seeming indifference to the state of women in commonwealths once they are founded.