Using Economics to Make Parenting Decisions

Economists have to solve a lot of difficult problems. Economics wouldn't give the same solution for every problem because it takes individual factors into account. Like an economist, you can use a cost benefit analysis when making decisions. There are non monetary inputs too, such as giving up the personalized care of a nany or maybe the social aspect of day care is important to you. So depending on what your inputs are, you can and should arrive at different decisions than others.