iPod and GDP

Really interesting article on where the iPod counts in GDP (pdf)

3d printing--> Economic Growth in Short

Mentioned in class the other day many of the things that have made the wold better. The innovations that have allowed many of us to enjoy more relaxed lives, to focus on producing something in particular, to have more people on the planet. . . But here is the article on 3D printing that I highlighted in particular. Hope you can make sense of it.

Supply and demand in action

Click the image to take you to a link that explains when the best deals are for various consumer goods during the year.

I, Pencil Reading

A market has its flaws. But this paper describes the free market from the point of view of a simple pencil. One of the things to keep in mind is that government involvement in an economy can be a good thing. But there is, somewhere, a fine line where government is doing too much. Where that line exists is a matter of politics.

Questions to consider:
1) What should the role of government be in a market? Consider the goals/roles from the web diagram.
2) What questions do you still have regarding market or command systems?
3) How does I, Pencil explain the "beauty" of markets? Biased phrasing of that question I know, but it is pretty efficient
4) Is government involvement in the economy good or bad? Is there a line to be drawn in the sand that is going too far?

DEBT ISSUES IN AMERICA

click the image for the CNN.com article