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How to Teach Economics to Your Dog: A Quirky Introduction

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Ongoing Covid restrictions, reduced air and freight capacity, high volumes and winter weather conditions are all impacting transportation and local delivery across the globe. G., 1968. The tragedy of the commons: the population problem has no technical solution; it requires a fundamental extension in morality. Science, 162 (3859), pp.1243–8. It should be noted that the concept was originated by William Forster Lloyd, who used the example of the problem of unregulated grazing on common land in Great Britain. Hardin developed this idea and applied it to the concept of human overpopulation. He argued that in nature, overpopulation is self-regulated. If parents only relied on themselves, then the number of children they had was not a matter for wider society. If they could not feed their children they would die, and so the system would self-regulate. He argued that a welfare state would lead to a tragedy of the commons. If parents knew that the state would provide, they would overbreed and Malthusian tragedy would follow. Hmmn. Rather than complaining that there is a Machiavellian plot to destroy general practice, we need to enter robust and informed discussions about the pros and cons of the current model. Rather than revelling in our small business ethos we need to recognise that collectively general practice could be immensely powerful. Just look at our economic clout.’ 1 thanks to The Escape Artist for that metaphor: https://theescapeartist.me/2020/12/06/the-ice-sculpture-the-turkey-and-the-rollercoaster Chapter 21: Walk 15 Part I: Depressions, Recessions and What Governments Can Do to Help: Fiscal Policy

T. and Reshef, A., 2012. Wages and human capital in the US finance industry: 1909–2006. The Quarterly Journal of Economics, 127 (4), pp.1551–1609. Heilbroner, R.L. and Milberg, W., 2012. The Making of Economic Society . Pearson Education Company. S., 2020. The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy . PublicAffairs. D.A., 2010. Convicts and convictions: some lessons from transportation for health reform. U. Pa. L. Rev., 159 , p.1999.this is the marginal cost, the cost of making just one extra phone, and does not include the fixed costs such as development. The US dollar cost price was converted to pounds sterling using the average exchange rate for 2019. https://www.investopedia.com/financial-edge/0912/the-cost-of-making-an-iphone.aspx

In this book however, the dialogue is between an economist and her small dog. Each chapter is a ‘walk’. J., 2016. Other People’s Money : Masters of the Universe or Servants of the People? London: Profile Books Ltd. G.A., 1978. The market for “lemons”: Quality uncertainty and the market mechanism. In Uncertainty in Economics (pp. 235–51). Academic Press.

Books by Rebecca Campbell

estimates are in constant prices (i.e. they have been adjusted for inflation) and are indexed at 1913 values. See: https://ourworldindata.org/trade-and-globalization A. and Kahneman, D., 1981. ‘The framing of decisions and the psychology of choice’. Science , 211(4481), 453–8. I enjoyed this book because it introduced me to a topic of global importance under the guise of a fun holiday read. It is very much aimed at the beginner without any formal economics education when it comes to classical economic theory, but covers a lot of concepts that help us understand some of the decisions being made by the policymakers and industry leaders around us. It also begins to arm the reader to critique some of the more dubious ideologies and approaches demonstrated by people in power. R.L., 2011. The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers . Simon and Schuster. Neve, J.E. and Ward, G., 2017. ‘Does work make you happy? evidence from the world happiness report’. Harvard Business Review , 4, pp. 1–7.

Many of the concepts discussed in this book have a direct bearing on policy and practice in relation to primary care.a letter to A.L. Bowley. Cited in https://www.core-econ.org/the-economy/book/text/08.html#great-economists-alfred-marshall https://www.economist.com/finance-and-economics/2017/09/23/china-sets-its-sights-on-dominating-sunrise-industries

Chapter 16: Walk 11 Growth: How We Can Make the World a Better Place for the Gacoteras and the Chowdhurys Though I am not a dog person, I did find the format fun -- each basic microecon or macroecon lesson is framed as a walk on which she's taking her dog Monty to converse about these topics. Often Monty's input is a minor joke about food or bones, or just asking her to define a jargon term, but occasionally he gets off some edgy lines, e.g., "being laughed at by a dachsund is like being called stupid by a boxer" (p. 260) (ooh, snap!)

More books by Anthony McGowan

Thaler, R.H., 2016. Behavioral economics: Past, present, and future. American Economic Review , 106(7), 1577–1600.

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