From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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No Man's Land - Bill Joel

JEL: h j     

I've seen those big machines come rolling through the quiet pines
Blue suits and bankers with their Volvos and their valentines
Give us this day our daily discount outlet merchandise
Raise up a multiplex and we will make a sacrifice
Now we're gonna get the big business
Now we're gonna get the real thing
Everybody's all excited about it

Who remembers when it all began
Out here in no man's land
Before they passed the master plan
Out here in no man's land
Low supply and high demand
Here in no man's land

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Assignment:

Explain how the forces of supply and demand, steep rent-gradients, taxes, and the Tiebout Hypothesis all combine to drive people away from the more densely populated central city areas (where economies of scale exist) and into the surrounding communities.

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