Five Major Life Choices

There are only a few steps in the crunch of life: going to college, job hunting, finding a partner, parenthood, and health management. How to make the right choice at the critical moment, the author of this book uses the basic principles of economics to point out some basic principles in making decisions. For example, applying the theory of comparative advantage in choosing a career can be very rewarding, understanding how the market works can reduce uncertainty when looking for someone to marry, and understanding the principle of externalities can help you figure out if and when you should have a baby. And so on. The author also uses data from a study he led of 18 million U.S. teenagers over a 10-year period to demonstrate the consequences of these critical choices. This book is a general book on economics and a practical guide to life, suitable for young people in their 20s.