Folks,
First here is my question for your journal (which you can replace either questions 2 or 3 with): We tend to think of costs as the money we pay for things. But does that mean that there would be no costs in a primitive society that did not yet use money or in a modern cooperative community, where people collectively produce the goods and services they use and do not charge each other for them?
Remember that your 3 standard questions are:
Class today went well...though perhaps you all should be the judges. Note that without your contribution this class will be terribly boring. I'll keep up the energy as long as you do. On any given day I really encourage you to bring in a question or thought that might be bugging you and challenge your classmates and I to figure out how/what econ has to say about these things.
First here is my question for your journal (which you can replace either questions 2 or 3 with): We tend to think of costs as the money we pay for things. But does that mean that there would be no costs in a primitive society that did not yet use money or in a modern cooperative community, where people collectively produce the goods and services they use and do not charge each other for them?
Remember that your 3 standard questions are:
- What was the thesis of this reading?
- What was your biggest takeaway or what/how does this apply to your interests? (If you don’t know where to go here I will email a question for thought before each lesson).
- What don’t you understand or what objection do you have?
Class today went well...though perhaps you all should be the judges. Note that without your contribution this class will be terribly boring. I'll keep up the energy as long as you do. On any given day I really encourage you to bring in a question or thought that might be bugging you and challenge your classmates and I to figure out how/what econ has to say about these things.
The issue that bothers me in our country is our budget. How does congress decide to spend the money the way they do? Who are they going to cut out and who are they going to help?
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