1Demand, Supply and the Meaning of (Economic) Life What did Adam Smith Know?It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. By pursuing his own interest he frequently promotes that of1he frequently promotes that of society more effectually than when he really intends to promote itInvisible Hand and Laissez faire, S&D, price system, interfering with markets5 Minute UFriedman’s pencil In the NEWS2Course IssuesQuestions, Problems? - CHAT ROOMS:Problems and what,how,when, weeks1-3, students only, etcEnd of chapter solutionsLate HW –NOT (except for 1)Missed Class – do not email unless athletics, university 3sponsored event, sustained problemOnline system (phooey)Clickers – don’t worry about registration yetHW – ATTACHED GRAPHS --carefulSlides posted – Monday evening or soonerNext ASSIGNMENT/HW – generally WednesdayLRC – extra credit, form coming
has intentionally blurred sections.
Sign up to view the full version.