Would anyone mind if I posted an older article, one that I began over the summer, but, for reasons I won’t bore you with, never was able to complete? If not, here goes:
The late Alice Trillin, the wife of the (still-living) humorist Calvin Trillin, has never gotten the recognition she deserves for formulating and codifying an economic principle we all more or less understand intuitively. It goes something like this: Let us suppose that she had considered purchasing a new living room set, one that cost $10,000, money they didn’t have. And then she changed her mind for whatever reason. The $10,000 that she had saved by keeping her old furniture for another year was now available as actual cash, so she reasoned, for the vacation get-away that they previously could never have afforded. What an amazing discovery! How the Nobel committee has overlooked her contribution to economic theory is a mystery to me.
What does this any of this have to do with affairs in the Casden household? Please read on and all will be revealed. Continue reading