Archive for July 24th, 2008

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Economics of Love

July 24, 2008
Win Ben Steins Money

Win Ben Stein's Money

A couple of days ago I came upon this article by Ben Stein in the NYT. Ben Stein, lovingly known to my generation for “Win Ben Stein’s Money” and his various movie roles, is known to my parents as a prominent American lawyer and former speech writer for President Nixon. What really caught my eye about this article was that it involves two of my favorite things: love and economics. Strange, you may say, but it makes sense once you consider that I am an economics major who is obsessed with supply and demand curves and a product of Disney movies where young children were taught that true love was just a glass slipper away.

Stein poses a great opening sentence: “What could be scarcer or more precious than love? It is rare, hard to come by and often fragile.” I thnk anyone you ask – from the Sunday morning girl on her walk of shame/no shame/glory home to the woman on eharmony.com to the newlywed bride – will agree to the scarcity of love.

So to sum up Stein’s points, he tells us: Read the rest of this entry ?