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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 And, closer to home 3 2 Course Issues Questions, Problems - CHAT ROOMS: problems, what,how,when, classes 1-3, hw 1-3, students only, etc Late HW NOT (except for 1) Missed Class do not email unless athletics, university sponsored event, sustained problem 4 Clickers dont worry about reg yet HW ATTACHED GRAPHS --careful Slides posted Sunday evening Next ASSIGNMENT/HW generally Tuesdays LRC extra credit BLOGS/ TAs /ODE...
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- Spring '08