Economic Discussions, Observations, and Random Thoughts.
Thursday, October 2, 2008
The Invisible Heart
Students,
As you are reading The Invisible Heart, feel free to post questions, comments, or concerns to the blog for your classmates to read and react to. I will also post a comment now and then.
6 comments:
Anonymous
said...
Feel free to post a thought on any topic the book brings up. Here is is question to get you thinking: Sam has almost total trust in markets and little faith in government. Are there areas of the economy where government should be active? Outsourcing? Trade? Minimum Wage? Safety?
It is interesting how peoples views on subjects is the wrong view. For example the price gouging. Most people are against it. I was before I learned that it actually is a good thing. People should be more informed about what is actually best. The mystery
Good question. Do you have a specific product in mind? Competition will usually take care of price gouging. The problem with government mandates is that often government has a monopoly so there is little incentive to lower prices.
very good book in my opinion, i didnt think i was going to like it at first but it has a descent story line. thats not really the point to me though, although the story line was ok it really brought to my attention economic ideas that i have never thought about before, thats why i thought the invisible heart was a good book. it would be nice if we could read some more novels like that in class.
6 comments:
Feel free to post a thought on any topic the book brings up. Here is is question to get you thinking: Sam has almost total trust in markets and little faith in government. Are there areas of the economy where government should be active? Outsourcing? Trade? Minimum Wage? Safety?
- Mr. Wolla
It is interesting how peoples views on subjects is the wrong view. For example the price gouging. Most people are against it. I was before I learned that it actually is a good thing. People should be more informed about what is actually best.
The mystery
Mr. Wolla
what do you do when you are being price gouged when buying a product and government requires the product to be bought by you?
Good question. Do you have a specific product in mind? Competition will usually take care of price gouging. The problem with government mandates is that often government has a monopoly so there is little incentive to lower prices.
very good book in my opinion, i didnt think i was going to like it at first but it has a descent story line. thats not really the point to me though, although the story line was ok it really brought to my attention economic ideas that i have never thought about before, thats why i thought the invisible heart was a good book. it would be nice if we could read some more novels like that in class.
I was talking about being gouged on school ID badges for five bucks
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