What An Economist Says on Valentine’s Day

Looking at an economist’s Valentine, we would find production possibilities, inelasticity, marginal returns, and also some poetry.

Marginal Children

By Mira Korber, guest blogger. American births are on the decline; the number per year has fallen from 4.3 million (2007) to 4 million (2010), perhaps due to a shaky economic situation. However… Why is raising more kids less expensive…