Death on demand reaction paper
Death on demand reaction paperDeath on Demand
Reaction Paper
Death on Demand was quit interesting. Throughout the novel several economic concepts were cleared up therefore, helping me to better understand them. But also, at the same time I was further confused about several others. I was especially intrigued by the following four concepts, and the characters in the novel helped my understanding of them grow.
I was first introduced to TANSTAAFL in class. I had never though of "free" in the same sense that economist do. I used to think of free in a micro sense instead of the macro view. Because when I received something for free I never paid anything for it, so to me it was free. But in fact someone had to pay for to manufacture it, pay wages to workers and pay to build the factory in witch it was produced. So obviously it was not free. Someone, some where paid for it. The characters Karl and Joe perfectly stated TANSTAAFL in a way that helped further my understanding and now I can relate it in my life.
When I came across Psychic Income I had no idea what it was or what it meant. Although I was clueless about Psychic Income Joe Birnoff summed it up simply and clearly. Making it easier for me to grasp the concept. I have since used Psychic Income to help determine many purchases I have made. And buy doing so the benefits of the purchases I made came out higher than I expected. The concept of Psychic Income, from now on, will continue to influence what I will purchase or invest in.
I am sure that I, along with just about all of my acquaintances, have experienced the Crowding out Effect. This is mainly why I chose...
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