By Joshua Hall
Since The Simpsons facilities at the day-by-day lives of the Simpson family members and its colourful acquaintances, 3 beginning chapters specialize in person habit and decision-making, introducing readers to the commercial mind set in regards to the global. half II courses readers via six chapters on cash, markets, and executive. a 3rd and ultimate part discusses well timed issues in utilized microeconomics, together with immigration, playing, and healthiness care as visible in The Simpsons. Reinforcing the nuts and bolts specified by any rules textual content in an interesting and culturally suitable method, this e-book is a wonderful educating source that would even be at domestic at the bookshelf of an avid reader of father economics.
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Additional resources for Homer economicus : the Simpsons and economics
Example text
In other words, tobacco was an effective store of value. It held its purchasing power over time, exchangeable for goods and services not only today, but tomorrow, and the next month, and the next year. 5 In the episode “Old Money,” Abe Simpson inherits $106,000 and asks Springfield’s residents to offer worthy causes for the money. To Abe’s disgust, Mr. Burns shows up to beg for the money because he is fearful of the day when that much money is worth too little to beg for. Someone as old as Montgomery Burns has lived through decades of persistent (though typically mild) inflation: the general rise in prices.
However, he has eaten everything in the house, including tarragon and soy sauce. Maggie comes to the rescue by making Homer a donut out of modeling clay. Homer eats it and the scale tips to 300 pounds. The message is relatively simple. Homer chooses ends, simple though they may be, and then uses means to get there. From the very simple insight that people act, we can get the entire body of economic theory and show how Homer’s quest to become hyper-obese (and others’ reaction to his efforts) illustrates basic economic principles.
Economics, like The Simpsons, is something we can look forward to watching and studying. The intended consequences are, of course, less interesting in many ways than the unintended consequences. When Homer chooses a Duff Beer at Moe’s, we know his intentions. With the help of Homer, Marge, Mr. Burns, Apu, Lisa, Lenny, and of course Bart, we learned that economics is about choice and its unintended consequences and the effects both seen and unseen. Economics, like The Simpsons, is about everything.