Mises Daily
Author:
Gary Galles
Online Publish Date:
Once, when my newborn son was barely back from the hospital, I was holding him in my arms with my wife looking on. I asked him, “Can you say marginal rate of substitution ?” My wife recognized that as a bit of economics jargon and accused me of trying to turn our son into an economist like me. While it was said as a little joke between the two of