Microeconomics

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Charles Zoller Principles of Microeconomics Final Paper 12/8/12

Selfish Reasons to Have More Kids

In Selfish Reasons to Have More Kids: Why Being a Great Parent Is Less Work and More Fun Than You Think, Bryan Caplan describes why it’s in a parent’s best interest to have more kids than they originally planned on having, and spacing the time between when a couple decides to have children. Economic principles obviously encompass the ability to influence the views and measures of people for the better. These principles are not just meant for stockbrokers and economists, but they give the average person a method of sorting through the obstacles of society from an economic standpoint. Since economics is a study of choices, and we make hundreds of choices each day without even acknowledging them, it is unmistakable that economics can be found ubiquitously.

The law of diminishing marginal utility declares that the perceived value of an

article to the consumer decreases with each additional unit of the good that is acquired or consumed. For instance, if you purchased an entire large pie, even…...

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