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Dear Alexa, My friends and I went to the movies last weekend, and at the end of the night I realized I paid more for my popcorn, soda and candy, than I did for my actual movie ticket! Why are movie concessions stands so expensive? Please Explain! Kate Well Kate,... [read more]
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blog: the economic life

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Did you have to care for a hamster in your preschool class? Line-up? Clean up? Share?

According to this NPR Planet Money podcast preschool probably provides irreplaceable job training.  Taking place during a developmental window that does not reappear, the “soft learning” we get as 3 and 4-year olds shapes our success as adults. This academic study provides the specifics.

And yet, here and here, you can see the budget cuts for government funded pre-school programs.

The Economic Lesson

It is all about cost. The cost of any decision is the alternative you rejected. Choosing is refusing.

An Economic Question: Why might cutting a preschool program have a lower cost for a politician than for society?