pajama mom freakonomics

ok - one of my favorite classes in college was labor economics. i know - snooze. i'll wake you up when i'm finished...

i had a wonderful professor. the class was set up with weekly quizzes. i liked this format much better than the "do-or-die" final exam.

i actually studied. i actually learned. i actually enjoyed the class.

i was also a senior - so i had finally correlated that going to class, taking notes, gets a good grade.

anyhow, i was thinking in the car this morning on the way home, i had no kids with me...

my thinking topic was human capital. and moms. looking at the "labor" involved in the daily activities of moms. basic supply and demand. i could go a little further and determine wage rate and number of people employed. (um, that would be zero and one)

and let's not forget the (budget) constraints. such as time. and whining.

ok - that's about as far as i can go without getting out my notes. but i plan to, soon, and i am going to graph my personal diminishing marginal returns. this is the point where i cannot produce anymore - i.e. total burnout.

i think i might be pretty close. stay tuned for a fancy graph. and who says economics is only good in a "perfect" world?...