Essays on Love by Economics Assignment

Download full paperFile format: .doc, available for editing

The paper "Love by Economics" is a great example of an assignment on macro and microeconomics. Love is a scenic controversial event or subject. Theories explaining love are too many to mention and it goes to show how intricate and complex love is. The beauty of love is that it is also considered simple. Among the many prudent scholars of love, Ben Stein shares the podium with the great art of William Shakespeare among many others. Ben Stein is a lawyer, writer, actor, and economist whose definition of major life terms would be encompassed in what he understands, and in this article, he writes about his understanding of love in economics.

His outlook is indispensable considering that life is more about money than we recognize. In light of that, his analogy would pass for the best model to explain love. Who would have thought we could relay love to returns, cost, investment, and bonds? In the business of love, there are expectations from both parties and love is at work. Stein (2008) puts it clearly; the returns in love are proportion to the amount of self-investment made.

The values that an individual comes with can either build or destroy a relationship. Rarely does he say this is otherwise? One invests quality and gets back quality, an intense comparison to bonds. It is funny how we are intent on making free money. Research quite helps in choosing a partner as it is known that appearance can fool the eye and it mostly does. Philosophy about the people we involve in our lives depicts how much others could be of influence on us. The analogy to bonds is perfect, high-quality bonds yield more return than junk and so it is with high-quality love (Stein 2008). Stein (2008) offers great advice; to consider monopoly in long term romantic relationships.

There comes a time one has to retire and it is more comfortable when one's finances are in line. Financial freedom and stability are ecstatic. Relating the freedom in such a time to matters of love, sharing the love apparently is not an option, which makes a lot of sense. Another fact in Stein’ s work is about expectations; it goes hand in hand with research.

Understanding the other party and knowing what they about enable one to fully write out what to expect from the partner. It is necessary to have realistic expectations hence not to expect heaven when hell awaits and to understand that it is not always rosy, in fact, it never is (Wessel 2006, p. 13).

References

Acevado BP 2008, The Neural Basis of Long-term Romantic, New York: ProQuest

Becker GS 1996, The Economic Way of Looking at Behavior: The Nobel Lecture, United States of America: Hoover Press.

Frijters P 2013, An Economic Theory of Greed, Love, Groups, and Networks, New York: Cambridge University Press.

Glaister S & Layard R 2003, Cost-Benefit Analysis, United Kingdom: Cambridge University Press.

McCrea TL 2004, What Price Are You Willing to Pay for Love, Author House.

Wade R 2004, Governing the Market: Economic Theory and the Role of Government in East Asian industrialization, United States of America: Princeton University Press.

Sherman J n.d, The Realistic Expectations Roadmap: Navigating Marital Myths. Viewed September 01, 2013, http://www.google.co.ke/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&cad=rja&ved=0CDgQFjAC&url=http%3A%2F%2Fextension.usu.edu%2Fweber%2Ffiles%2Fuploads%2FMar_Conf_Handout_Sherman.pdf&ei=ZQUjUsLLJIHxhQetloGYCw&usg=AFQjCNHOhKhzOOhq1EifdtTeuJGnvojHYQ&sig2=Yl2yfb70niZMzrJdB7L3TQ&bvm=bv.51495398,d.ZG4

Shiller J 2004, The Subprime Solution: How today’s Global Financial Crisis Happened, and what to do about it, United Kingdom: Princeton University Press.

Sowell T 2011, Basic Economics 4th Ed: A Common Sense Guide to the Economy, New York: Basic Books.

Stein B 2008, Lessons in Love, by Way of Economics, New York Times

Syverste T 2001, Ordinary people in extraordinary circumstances: a study of participants in television dating games, Media Culture Society, vol. 23, no. 3, pp. 319-337.

Wessels WJ 2006, Economics, New York: Barron's Educational Series.

Download full paperFile format: .doc, available for editing
Contact Us