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Thursday, 14 February 2013

The Economics of Valentine's Day

Happy Valentine's Day everyone!

Have you ever wondered about the economics of Valentine's Day? What does it mean?

This video (strangely) puts into context for us:

http://www.learnliberty.org/videos/economics-valentines-day

It explains three economic principles associated with Valentine's Day:
1. Free markets
2. Signalling
3. The seen and unseen

This video puts these key principles into context for us, hopefully you will understand them clearer after watching it.