X's mom: Son, does
economic theory explain why the price of a banana is lower in a flea market near
13hours as opposed to 8hs?
X: Yes, mom.
It is because banana at 8h is a different commodity than banana at 13hs. Due to
selective picking, what remains at 13hs is a worse kind of banana, less valuable. An umbrella in a
rainy day costs much more to the passerby also because the change in the “state
of nature” renders it a different product when weather is miserable.
X's mom: Oh, I see.
So bananas are not all the same and that’s why they are priced different.
X: Precisely.
X's mom: Where did
you learn this, son?
X: At
Mas-collel, mom
X's mom: Is it a
good read?
X: Definetely,
and with a lot of intuitive discussions, mom. I will lend you mine.
Tá, então faz um roteiro com aquela tal de preferência lexicográficas ou via demonstração do TIA.
ResponderExcluirI thought X was on vacaciones. I guess he is reading mas collel during his vacaciones.
ResponderExcluirevery year, during vacations, i reread MGW chaps. 13 and 14 and Dom Casmurro.
ExcluirX,
ResponderExcluirI would also recommend Fudenberg and Tirole's "Game Theory" to your mom. Like Mas-collel, very simple and intuitive.
oh, she read it; but she liked "thinking strategically" better
ExcluirAs vezes fico me perguntando se quem le um livro como esse não acaba sabendo mais de economia do que alguem que sabe resolver exercicio do MWG.
ResponderExcluirhttp://www.americanas.com.br/produto/6646015/livro-economia-sem-truques
Has anyone read this book?
ResponderExcluirhttp://www.amazon.co.uk/Devaluing-Prosperity-Misaligned-Currencies-Consequences/dp/0881326232/ref=sr_1_1?ie=UTF8&qid=1371993751&sr=8-1&keywords=devaluation+to+prosperity
eu nao li
ResponderExcluir