ECONOMICS FOR REAL PEOPLE: Economic Harmonies, III - The Price System & Economic Coordination
Tomorrow night, Tuesday, guest lecturer Sean Kimpton explains how price signals and the daily decisions of entrepreneurs between them coordinate the worldwide Division of Labour.
- How the various branches of business are kept in proper balance;
- the impetus to economic progress;
- how 'Paris Gets Fed';
- the effect of price controls;
- how consumer advocates harm consumers;
- how speculators help them.
All this and much more!
Join us tomorrow night, Tuesday, 6pm, at the Auckland University Business School (note the room change from our usual).
Where: Business School OGGB 223,
Level 2, Owen G. Glenn Building,
12 Grafton Rd,
Auckland University [Map here]
When: Tuesday 5 April, 6:00pm
Summary of last week’s discussion: This last Tuesday we talked about the leading implications of the Division of Labour, which can be summed up as The General Gain from the Existence of Others
- Why, in a division-of-labour society, prosperity is open to everyone;
- What Steve Jobs gained from his cleaning lady (and what she gained from him);
- Why Lady Gaga should spend more time caterwauling and John Grisham more time writing books;
- Why Malthus was wrong, i.e., why greater population is a blessing not a curse
- How it is exactly that in a division-of-labour society each of us gains from the existence of each other.
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