No Need For Psychiatry; Just Ask Dr. Economist
In today’s Notes post, the link is to Dear Economist, written by Tim Harford for the Financial Times. Using economic ideas to provide answers about love and life, he proves that economics is about so much more than money. Opportunity cost can provide an answer to a study time dilemma, our demand elasticity will influence whether we purchase a sale item, and marginal utility can help us with diets and significant others. And this is only the beginning.