EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Monday, August 01, 2005

Property Rights and Marriage Contracts

Phil Miller at Market Power has an insightful item about marriage proposals, contracts, and property rights.

A man from Kenya has offered Bill Clinton livestock for Chelsea's hand in marriage.
A Kenyan says he offered Bill Clinton 40 goats and 20 cows for his daughter's hand in marriage five years ago -- and is still waiting for an answer.
In our country, adult women, not their fathers, own the property rights to themselves. They make up their own mind about who to marry. Perhaps the smitten fellow should see if Chelsea wants the goats and cows. If so, she might want to write them into a prenup.

Nice analysis.