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"H" Archives20 Dollars - Angie StoneJEL: a d h iCan you loan me 20 dollars Now I'm suppose to take from the child, oh Lord What do you do when you're through Full Lyrics · Click to ListenAssignment:This song places the listener in the uncomfortable position of questioning whether or not they should help someone who asks to borrow a small amount of money. This is what is referred to as the Samaritan’s dilemma. Why does the dilemma have important policy ramifications? What does the song say about the dependency created by charitable handouts? Finally, giving is not costless. What are some of the things that are foregone in order to help others? "H" ArchivesShare The Land - The Guess WhoJEL: hShake your hand, share the land Full Lyrics · Click to ListenAssignment:This classic 1969/1970 song advocates that we "share the land." Do you think simply sharing the land is likely to lead to the good results suggested in the song ("no more sadness, no more sorrow...")? In writing your answer you might want to consider the idea of the "tragedy of the commons". "H" ArchivesFat Cats, Bigga Fish - The CoupJEL: a d hMr. Coke said to Mr. Mayor, "You know we got a process like Ice T's hair. Full Lyrics · Click to ListenAssignment:The song "Fat Cats, Bigga Fish" is about hustling. The rapper Boots thinks he is a hustler, but quickly realizes that he is the one being hustled in the game of life. From a public choice perspective, does the story Boots tells about Mr. Coke and Mr. Mayor's conversation sound compelling? Why does Mr. Mayor care about Mr. Coke's plans since the campaign donations do not directly go into his pocket? Do you think campaign finance reform will solve this type of problem? Why or why not? "H" ArchivesWhoops - Blues TravelerJEL: d h Take a look at the horizon that's right so we can eat well Full Lyrics · Click to ListenAssignment:When I was growing up my mother said not playing with a toy I purchased was wasteful. The lead singer of Blues Traveler, John Popper, is saying that using the land is causing it to go to waste. Which, if either, perspective is correct from an economic perspective? Your answer should discuss the role of property rights in efficient resource usage. Would your answer change if people owned the buffalo? "H" ArchivesSigns - TeslaJEL: hAnd the sign said anybody caught trespassing would be shot on sight Full Lyrics · Click to ListenAssignment:The song "Signs," originally performed by the Five Man Electrical Band and also covered by Tesla, takes a stand for communal ownership of property. What are the costs and benefits of communal ownership of property? Assume that "keeping mother nature in" is purely selfish - does the invisible hand principle still apply? How about in a situation where fences are illegal? "H" ArchivesDowneaster Alexa - Billy JoelJEL: a d hNow I drive my Downeaster "Alexa" I was a bayman like my father was before Full Lyrics · Click to ListenAssignment:What barriers to entry exist in the fishing industry? Are these barriers significant enough to create firm-specific pricing power? Ocean waters also present a common property problem. If competitors in the fishing industry cannot prevent new entrants into the market and all of the competitors fish the same waters, what are the prospects for long-run profits? |