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Unformatted text preview: 1 Demand, 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 of 1 he frequently promotes that of society more effectually than when he really intends to promote it Invisible Hand and Laissez faire, S&D, price system, interfering with markets 5 Minute U Friedmans pencil In the NEWS 2 Course Issues Questions, Problems? - CHAT ROOMS: Problems and what,how,when, weeks1-3, students only, etc End of chapter solutions Late HW NOT (except for 1) Missed Class do not email unless athletics, university 3 sponsored event, sustained problem Online system (phooey) Clickers dont worry about registration yet HW ATTACHED GRAPHS --careful Slides posted Monday evening or sooner Next ASSIGNMENT/HW generally Wednesday LRC extra credit, form coming 2...
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This note was uploaded on 10/09/2011 for the course ECON 103 taught by Professor Lin during the Spring '08 term at Rutgers.
- Spring '08