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Modern Family: The iPad 01:30 Modern Family: The iPad
From Modern Family (2010).
Claire forgot to buy Phil's iPad Contributed by Jadrian
Big Bang Theory -- Getting Rid of the Chair From Outside 00:48 Big Bang Theory -- Getting Rid of the Chair From Outside
From The Big Bang Theory (2011).
Sheldon wants Amy to persuade Penny to get rid of the chair. He asks her to name her price. Contributed by James Tierney
EoE: 5.1.A - What do Prices "Know" That You Don't? 04:33 EoE: 5.1.A - What do Prices "Know" That You Don't?
From What do Prices "Know" That You Don't? (2016).
According to Professor Michael Munger, prices (as in, the price of a carton of milk or a new car) are akin to magic. Prices “magically” convert countless pieces of dispersed, complex information into a single signal that conveys to sellers what they should do to best benefit society. By ignoring the price system, you’re really ignoring the needs of those whom you want to serve. This is the “magic” of the price system – it merges the needs of society with each seller’s desire for profit. This video is included as part of a 40-lesson course on the Economics of Entrepreneurship available now for teachers and students at no charge at FEE.org/Courses. Contributed by Foundation for Economic Education