From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics
"H" Archives

20 Dollars - Angie Stone

JEL: a d h i 

Can you loan me 20 dollars
'Till I get my check next week
Said I only got 20 dollars
And me and my baby got to eat

Now I'm suppose to take from the child, oh Lord
Make it harder on me just to make it worth your while
Now honey, I don't think so
Cuz you ain't pay me back the ten-spot
From three weeks ago, no

What do you do when you're through
When you're always helping people and
Nobody's there for you (Tell me)
What can I do or say
When you constantly staring in my face

Full Lyrics · Click to Listen

Assignment:

This song places the listener in the uncomfortable position of questioning whether or not they should help someone who asks to borrow a small amount of money. This is what is referred to as the Samaritan’s dilemma. Why does the dilemma have important policy ramifications? What does the song say about the dependency created by charitable handouts? Finally, giving is not costless. What are some of the things that are foregone in order to help others?

"H" Archives

Share The Land - The Guess Who

JEL: h       

Shake your hand, share the land
You know I'll be standing by
To help you if you worry....
[trailing off]
No more sadness, no more sorrow, no more bad times
every day coming sunshine, everyday everybody laughing
walking together by the river, walking together and
laughing, everybody singing together, everybody singing and
laughing, good times good times, everybody walking by the
river now, walking singing talking smiling laughing loving
each other.

Full Lyrics · Click to Listen

Assignment:

This classic 1969/1970 song advocates that we "share the land." Do you think simply sharing the land is likely to lead to the good results suggested in the song ("no more sadness, no more sorrow...")? In writing your answer you might want to consider the idea of the "tragedy of the commons".

"H" Archives

Fat Cats, Bigga Fish - The Coup

JEL: a d h  

Mr. Coke said to Mr. Mayor, "You know we got a process like Ice T's hair.
We put up the fund for your election campaign
And, oh um, waiter can you bring the champagne.
Our real estate firms said opportunities arousing
To make some condos out of low-income housing
Immediately we need some media heat
To say that gangs run the street and then we bring in the police
Harrasing everybody till they look inebriated
When we buy the land mother****** will appreciate it
Dont worry about the Urban League or Jesse Jackson
My man that owns Marlboros
Donated a fat sum"

Full Lyrics · Click to Listen

Assignment:

The song "Fat Cats, Bigga Fish" is about hustling. The rapper Boots thinks he is a hustler, but quickly realizes that he is the one being hustled in the game of life. From a public choice perspective, does the story Boots tells about Mr. Coke and Mr. Mayor's conversation sound compelling? Why does Mr. Mayor care about Mr. Coke's plans since the campaign donations do not directly go into his pocket? Do you think campaign finance reform will solve this type of problem? Why or why not?

"H" Archives

Whoops - Blues Traveler

JEL: d h     

Take a look at the horizon
Quiet and still
You know there used to be bison
Gentlemen you may fire at will
They say this land won't go to waste
But you gotta wonder how
You know we're chopping down the air we
breathe
As fodder for the cow

that's right so we can eat well
Yes and starve to death
And say there's nothing we can do

Full Lyrics · Click to Listen

Assignment:

When I was growing up my mother said not playing with a toy I purchased was wasteful. The lead singer of Blues Traveler, John Popper, is saying that using the land is causing it to go to waste. Which, if either, perspective is correct from an economic perspective? Your answer should discuss the role of property rights in efficient resource usage. Would your answer change if people owned the buffalo?

"H" Archives

Signs - Tesla

JEL: h       

And the sign said anybody caught trespassing would be shot on sight
So I jumped on the fence and yelled at the house, Hey! what gives you the right
To put up a fence to keep me out or to keep mother nature in
If God was here, he'd tell you to your face, man you're some kinda sinner

Full Lyrics · Click to Listen

Assignment:

The song "Signs," originally performed by the Five Man Electrical Band and also covered by Tesla, takes a stand for communal ownership of property. What are the costs and benefits of communal ownership of property? Assume that "keeping mother nature in" is purely selfish - does the invisible hand principle still apply? How about in a situation where fences are illegal?

"H" Archives

Downeaster Alexa - Billy Joel

JEL: a d h   

Now I drive my Downeaster "Alexa"
More and more miles from shore every year
Since they tell me I can't sell no stripers
And there's no luck in swordfishing here.

I was a bayman like my father was before
Can't make a living as a bayman anymore
There ain't much future for a man who works the sea
But there ain't no island left for islanders like me

Full Lyrics · Click to Listen

Assignment:

What barriers to entry exist in the fishing industry? Are these barriers significant enough to create firm-specific pricing power? Ocean waters also present a common property problem. If competitors in the fishing industry cannot prevent new entrants into the market and all of the competitors fish the same waters, what are the prospects for long-run profits?