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 About UsThis 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.Recent EntriesRelevant Research and ResourcesSuggestions?
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"O" ArchivesBlack Steel in the Hour of Chaos - Public EnemyJEL: a oI got a letter from the goverment Full Lyrics · Click to ListenAssignment:In "Black Steel in the Hour of Chaos," Chuck D describes going to jail for refusing to report when drafted - otherwise known as conscription. Is conscription less costly from society's viewpoint than a volunteer draft? What role do opportunity costs play? Why might a government choose conscription? How might conscription change the allocation of resources between labor and capital in the production of defense? "O" ArchivesRain on the Scarecrow - John MellencampJEL: d o qThe crops we grew last summer weren't enough to pay the loans Full Lyrics · Click to ListenAssignment:In the song “Scarecrow” by John Mellencamp, he decries the loss of the family farm. Over the last 100 years, the percentage of the population engaged in farming has declined from over one-third to less than 3 percent. Why do you think this has occurred, and what impact has this had on the overall well-being of Americans? What is the role of bankruptcy in a market economy? If banks do not foreclose on bankrupt farmers, why might this be bad for farmers in general? |