Sunday, April 22, 2012

ECONOMICS FOR REAL PEOPLE: Monday, Monday, Monday!

Here’s the note on this week’s discussion at the Auckland Uni Econ Group (which, by the way, has now switched to Monday evenings for the rest of the year):

Hello All,

First off: We have changed our meetings to Mondays at 6pm, due to there being a lot of other events on Thursdays.
This week we continue looking at the Economic Harmonies with Part III of our series, asking: What Really Makes the World Harmonious?

  • Remember how economics teaches us The General Gain From the Existence of Others?
  • Remember how the Division of Labour makes us all more productive?
  • Remember how Comparative Advantage and the Pyramid of Ability show us we all have a place in production … how trade raises the value of everything … do you remember the lesson of The Double Thank You Moment?
  • Remember the Miracle of Breakfast--and how Paris  (and New York) Gets Fed?

These were all the lessons of the Economic Harmonies—the greatest lesson that philosophers could learn from economics (and economists should learn from their own science).

Well, this week we look at the foundations on which the very existence of all of the these miracles rest—the six institutions that underpin all the Gains From the Existence of Others, without which human economic life would be characterised less by harmony and more by plunder!

Come along this Monday to continue your exploration of economics, and hear about these very special six things.

    Date: Monday, 23rd April
    Time: 6pm
    Where: Seminar Room 219, Level 2, Auckland University Business School Building (Owen G. Glenn
                       Building)

We look forward to seeing you there,

Riko Stevens
The UoA Economics Group

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