Monday, February 09, 2009

The Price of Everything


"The Price of Everything: A Parable of Possibility and Prosperity," should be required reading in every high school across America!
The book explains "how the world works" in the form of a parable. A young, professional tennis player is dismayed when a local hardware store raises its prices after a natural disaster in his town. The obvious "price gouging" infuriates him and he becomes the spokesman against the big box retailer in an on-campus movement at Stanford. When our hero's girlfriend comes home and talks about her unique economics professor the action is just getting started.
It's not such a page turner that I'm really risking ruining the ending for you here, but I'll save you the details. It's a parable, so it's about the lesson more than the story. The reason I loved the book is that it is able to explain in plain terms a free market system and how it works. Not a demand curve in sight but you'll take more away from this book than any basic economics class you had in college!

No comments: