The economics of fun

You probably only think this is funny if you’re in law school (or possibly an MBA student).

Kevin (in reference to our study group plan): Beware, though. We might end up having too much fun for the Monday before finals!

Me: Is law school fun a zero-sum game? If we have too much fun, does that mean we might be depriving someone else of their law fun?

Kevin: Depends if fun is a limited resource. Perhaps through free-market principles, fun will be secured by the person who can put it to its best and highest use, thereby creating more overall fun. The question then becomes whether there will be an effective mechanism for equitably distributing the fun engendered by the transactions. So, in us having more fun than is proper, we might not be taking away someone else’s fun. Yet, we do get a proportionally greater chunk of the fun pie.

Sarah: Of course, this is assuming that the creation of more overall fun is a shared commitment to a certain desirable end upon which we all agree.

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