"This is actually the ultimate microeconomics, little economics. That's right, because the kids are small." "I remember in Woody Allen's college catalog, it was Econ 101, how to keep a neat wallet," he says of his early days as an economist. 'We have this reputation as being mainly to do... that our work mainly deals with either the stock market or interest rates and the macro economy'
Don Cox of Boston College talks with Russ Roberts about how creating incentives can ease daily life with toddlers and young children.