What do love and economics have in common?

Just recently while looking through some old documents I found my high school reports. I was surprised to see that I got top of my class in economics. I did enjoy the subject but didn’t pursue it any further beyond school.

Then today I was thinking about my Mum who passed away ten years ago. Over the years I tried to demonstrate my love and appreciation of her. Did I succeed in showing my love for her? I will never really know.

Then I got to thinking that love (as well as economics) responds to supply and demand to some degree. I tried to show my love through my words, gifts and time spent with her. That is what makes me feel loved.

Have you ever come across a book called “The Five Love Languages” by Dr Gary Chapman? The five languages are very briefly described as follows:

  • Words of affirmation
  • Quality time
  • Receiving gifts
  • Acts of service
  • Physical touch.

The book suggests that if we know the other’s love language we can learn to say and do the right things to make the special someone feel loved.

When we randomly respond to people by doing and saying what we ourselves want to hear and receive we may just miss the point.

Just with supply and demand in the economy we can be more successful if we are in tune with what our loved ones desire. Now I don’t claim to have a handle on this but thinking about it helped me see where relationships break down and misunderstandings can occur.

We mean well and love as best as we can and hopefully our good intentions are recognised.

flowers from Tom 008 (Copy)