In my time as an economist I have often found that there is only one issue that creates greater confusion among people than the technobabble we normally speak, that is the issue of love. Fortunately, the economic framework provides a way for us to understand all interpersonal relationships, including love. As a result, by following the economic lessons provided in this article we will be able to lea how to be a better partner to our current or future spouse.Now to some it may seem perverse to frame something as gentle, volatile, and precious as love in the cold hard words of economics. However, if we are truly committed to being a better partner we need to cast off this view of economics, and risk asking exactly how economics views a relationship.For an economist, a relationship can be viewed in the same way as a firm. Just like a firm, a relationship involves a number of individuals (usually two) who can work together to create a good or service – in this case the service created is the benefit of a relationship.The individuals that make up a potential firm could act as independent contractors negotiating and renegotiating each time they want to work together to provide a product, or they could form a firm as a legal entity thereby fixing a set of contracts for a more prolonged period of time.The myriad of potential structures for a romantic relationship mirror this view of the firm, with marriage an example of the strictest possible contract structure.Given this, why woul
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