Peter St. Onge

It's actually a study of choice.

Why do people do things?

And a lot of things that people choose to do involve money.

And there's a lot of profit in analyzing those choices.

So, you know, most of what economists do tends to deal with money.

But it's not really about money.

It's about choice.

And classical economics, really going back to Aristotle, they tried to model, like, why do people do things?

Uh, and the sort of pinnacle, uh, of that, you know, two millennia long, uh, inquiry is a model that we use today that, you know, uh, anybody who's gone to college would have been exposed to it, whether they liked it or not.

Uh, you have the supply curve and the demand curve, and these basically trace out, uh, the fact that, um, you know,

People want things how much they want.

It depends on what the price is.

But then if the price is high, you don't want it as much.

But if the price is high, people want to offer it to you.

And then there's some intersection of that.

You know, so, for example, people want to get married in order to increase.

So they are a supply of husband.

And in order to increase their attractiveness to wives, they go to the gym or they get a job.

And then, you know, women, on the other hand, you know, they now regard them as an attractive product.

But the question is, what's the price?