Wednesday, February 6, 2013

Economist mother smackdown

My mother, also an economist, always had the groceries delivered. As a 10-year-old I thought of going to the Stop’n’Shop as a glamorous activity and asked why we didn’t get to do this. My mother promptly explained that the other children’s parents “didn’t understand the idea of opportunity cost.” And that was the end of that.
--Emily Oster, Slate, on the wisdom of my colleague Sharon Oster