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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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"P" ArchivesCapitalism - Oingo BoingoJEL: a pThere's nothing wrong with making some profit Full Lyrics · Click to ListenAssignment:Generally, profit accrues to individuals when the value of a good produced and sold is greater than the value of other goods that could have been produced with those same resources. From this perspective, the pursuit of profits adds value to society. Why do think people might be against profit-making? Who do you think made the world a better place, Bill Gates or Mother Teresa? Explain your answer with reference to what you mean by 'a better place.' "P" ArchivesBetween Angels and Insects - Papa RoachJEL: b pI just want to be heard loud and clear are my words Full Lyrics · Click to ListenAssignment:Self-regarding behavior is the cornerstone of economic analysis. Recall Adam Smith's famous quote, "It is not from the benevolence of the butcher, baker, or brewer that we expect our dinner, but from their own self interest." Would a world full of "Angels" work as well at providing what people want? What about a world full of "Insects?" Papa Roach seems to be saying that "greed" is a problem. Comment. "P" ArchivesPiece of Crap - Neil YoungJEL: a pGot it from a friend Full Lyrics · Click to ListenAssignment: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)? "P" ArchivesSoak Up the Sun - Sheryl CrowJEL: a b pMy friend the communist Full Lyrics · Click to ListenAssignment:Near the middle of the song Sheryl Crow sings, "I'm gonna soak up the sun while it's still free." Comment on the accuracy of this statement from an opportunity cost perspective. What are some of the contrasts mentioned in the song between the affluent and the poor? |