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

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This weblog offers a variety of song lyrics that instructors of economics may find useful in teaching economics. Each post includes a selection from the song's lyrics and a brief assignment for students. This site has been accepted for publication in the Journal of Economic Education.

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I'd Love to Change the World - Ten Years After

JEL:        

Tax the rich
Feed the poor
'Til there are no
Rich no more

I'd love to change the world
But I don't know what to do
So I'll leave it up to you

Click to Listen

Assignment:

The artist of this song thinks it is a good idea to redistribute income. Construct an argument articulating the opposing view. Compare the last three lines in the lyrics above to Hayek’s conception of knowledge. How would this knowledge problem affect a policymaker’s ability to spend tax dollars efficiently?

[Will Luther assisted with this assignment.]

By: Robert Lawson
11. 7.07 · Permalink
Keywords: · · ·

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