One of the greatest films you are ever likely to see about the intensity, competition and dynamism in American capitalism, There Will be Blood, is the midnight movie tonight in the Warch Campus Cinema. As I watched the movie, I marveled at how all of those people and resources made their way into the middle of backwater nowhere within days of identifying a promising play. If you are a night owl type, I recommend you stroll over and see it.
I’m not sure this has anything to do with economics, but given the cross-disciplinary spirit that exists here on campus I thought I would post it anyway:
Would you rather fight 100 duck-sized horses or one horse-sized duck?
That was a question that was posed to President Obama (he declined to answer) that I read about at the Kottke blog. And, as per usual, Mr. Kottke has way more on the topic than we could reasonably hope to expect.
So, with that in mind, which group of graduates on average do you think earned a higher starting salary last year — those from Harvard University or those from the South Dakota School of Mines & Technology?
Suppose the NFL players and owners fail to agree to terms on a new contract, thus reducing (or eliminating) the number of professional football games this coming season. What are the expected changes (if any) to the equilibrium price and quantity of chicken wings?