Monday, 4 April 2011

ECONOMICS FOR REAL PEOPLE: Economic Harmonies, III - The Price System & Economic Coordination

174890_113543235391042_4579644_n This week at the UoA Economic Group we continue our discussion of the fundamental Economic Harmonies.

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).

data=XCVihWRtq4WsaAaVG7VezksrTNzDcIEE_YWd04ht9zkDZSpIOEWoVOQcm6ijrNG-RJHfajJgcjB4DR3sumbBl1J9R-Uy_B7Qm4inb8sWhere: 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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