40 Plus Finance

Follow My Journey Managing Finances At 40 Years Plus

  • Home
  • Features
  • Quick Reads
  • Resources
  • Financial Freedom Journal
  • About
  • Facebook
  • Twitter
  • YouTube

5 Economic Principles My Kids Learned on Halloween

November 11, 2020 By Kurt H Leave a Comment

Trick or treating has long been something children do each and every Halloween. The act of trick or treating might not treat them about trading, but the trading of the candy that they do with friends and siblings just might. When children are trading candy, there is negotiations and coercion. Just like there would be in a real trade situation. If you try to give up a certain piece of candy that isn’t as valued as another, this would be a bad trade.

Key Takeaways:

  • Halloween is a strictly voluntary affair. Neighbors decide if the enjoyment they get seeing kids in costume is worth the time and money spent on giving out candy.
  • Opening up trade to more participants broadens the variety, quality, and amount of possible exchanges. Restricting trade to within our borders limits our personal and collective gains.
  • The value of things we trade for is subjective. It does not reflect any inherent value of a particular item, but rather the value we ascribe to that item.

“While Halloween was more subdued than usual, my children returned home from trick-or-treating with a large bounty to trade among themselves and with neighborhood friends.”

Read more: https://fee.org/articles/5-economic-principles-my-kids-learned-on-halloween/

Related posts:

  1. Financial Freedom Report – April 2020
  2. Get Your Financial Crisis Action Plan Ready
  3. Where the Rich Store their Wealth
  4. Self Directed IRAs to Invest Your Retirement Funds

Filed Under: Summary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

What Is Financial Freedom

There are several ways to define financial freedom, and they all point … [Read More...]

Where the Economy is Going – Episode 354

These are some crazy times that we are living in right now, because of the … [Read More...]

What Kanye West Gets Right (and Wrong) about Wealth, Economics and the Power of Innovation

As the media storm of Kanye West running for president has come to a close, … [Read More...]

Inside 40 Plus Finance

About Us

Contact Us

 

Financial Freedom

Monthly Financial Freedom Reports

Financial Freedom Calculator

Reviews

Cash Flow Tactics Review

Categories

  • Classics
  • Features
  • Financial Freedom Monthly
  • Summary

Connect With 40 Plus Finance

  • Facebook
  • Twitter
  • YouTube

Recent Posts

  • How to Build Your Credit Score
  • The Mindset Shift That Changed Everything
  • Can It Keep Going Up?
  • 5 Classes Your High Schooler Should Take to Start on the Right Financial Footing
  • 6 Smart Ways to Outsource Your Liability

Contact Us · Privacy Policy · About · Affiliate Disclosure ·
Copyright © 2022 · Forty Plus Finance

Disclaimer: 40 Plus Finance is for purely educational purposes only and is not selling investments, insurance, real estate, securities, or anything other than education and is not providing tax advice, legal advice, or investment advisory products. You need to become educated about any financial product before purchase and consult a CPA and/or attorney in order to make the best financial decisions for yourself.