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Economist saves the world from alien abduction!

Ben Cahill

17th February 2011

When discussing the theory of rational consumer behaviour (in today’s lesson it was in the context of marginal utility) I show the students the following cartoon and commercial.

The commercial shows what a prefect world might look like (can be seen here) and although I often have to explain the Star Trek reference in the cartoon, it makes the point that the theory and reality are not always a perfect match, although the theory does help to save the world!
image

Ben Cahill

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