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The Double Thank-You

Posted By Don Boudreaux On May 30, 2007 @ 2:17 pm In Economics | Comments Disabled

The latest column by John Stossel [1] (of ABC News) is splendid.  I especially like this observation:

How many times have you paid $1 for a cup of coffee and after the clerk said, "thank you," you responded, "thank you"?
There’s a wealth of economics wisdom in the weird double thank-you
moment. Why does it happen? Because you want the coffee more than the
buck, and the store wants the buck more than the coffee. Both of you
win.

Yep.

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[1] The latest column by John Stossel: http://www.realclearpolitics.com/articles/2007/05/the_double_thankyou_moment.html

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