Brexit - full – It’s official, we’re the leaving kind after all. Voting last Thursday concluded with a 52% majority that Great Britain’s future path lay outside the EU framework, ending a 43-year association. The easy conclusion - particularly given how much the result has been affected by voted cast south of the Solway-Tweed line - is that insular England has held the Union hostage, but I suspect things are far more nuanced than that. ...
Joshua Gans on The True Cost of Parenting, and why $180,000 may not necessarily be as outlandish as it sounds especially when the opportunity cost of stay at home parenting is factored in: Parents know their children, have their interests at heart, are on call all the time and mean you don’t have to worry about child care. This is precisely the utilitarian services that the high priced nannies are being valued for. Once you include stay-at-home parents, you’ll find that we are all paying much more for nannies than we think. ...
Tim Harford, author of The Undercover Economist, writes an intriguing blog at the Financial Times where he provides advice from an Economics standpoint on everyday issues. My current favourites are his analysis of a 32-year old American woman’s conundrum: to stay single in Italy or return to San Francisco, a man’s plea for deliverance from a Walmart hating wife, the statistics on loving and losing, the useless PA challenge and consumer choice theory applications for the good boy vs bad boy debate! ...