Saturday, May 29, 2010

The Economics of Parenting

Enjoying a sweet reward!

Chris and I were discussing parenting. Chris said parenting boils down to a simple economic theory. He went on, "You discover your children's currency and then you reward or withhold that currency based on behavior." We both laughed over the fact that parenting is the only time we've ever applied or used our college economics' courses. (Now I'll have the answer to the inevitable question, "When will I ever use economics!")

He's right. Parenting is all about knowing our children's "currency." Once you've discovered that, the rest is easy (somewhat!). I have to say all of the boys "currency" is sweets, especially ice cream. Today they were rewarded (and I was too!).

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