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

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Piece of Crap - Neil Young

JEL: a p     

Got it from a friend
On him you can depend
I found out in the end
It was a piece of crap
I'm trying to save the trees
I saw it on TV
They cut the forest down
To build a piece of crap

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Assignment:

In “Piece of Crap,” Neil Young sings about how everything he buys is junk. With reference to the song, under what conditions do you think consumers are more likely to be disappointed in their purchases? What market mechanisms help to alleviate these problems? Does Neil Young think these mechanisms work well (use examples from the song)?

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