25 February 2011

Ask an economist for marital advice

On "General Theory of the Second Best," I told the story of a female
economist who went to Gary Becker for marital advice. At the time, I
couldn't find the reference, so I told the story as I recalled it.

The nature of the Second Best is that, in the real world, the Second
Best is often better than the pristine best, shown in the academic
world. So, I wanted a real world example. Something on the hoof, as we
say here in the US.

Now I've found the actual reference. It's here: http://bit.ly/hicwjJ.
I guess you can decide if it's an example of the second best being
better than the best in the real world or not.


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