We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

The Invisible Heart: An Economic Romance - Essay Example

Comments (0)
In the paper “The Invisible Heart: An Economic Romance” the author analyzes a polemic on various micro and macroeconomic concepts including government regulation, price discrimination, self interest, risk, and other topics. It is not really worth criticizing the book on its merits as a love story…
Download full paper
The Invisible Heart: An Economic Romance
Read TextPreview

Extract of sample
The Invisible Heart: An Economic Romance

Download file to see previous pages... Sam is usually right on target with the free-market ideas that he puts forth, but Laura's objections and counterarguments are usually too weak to even show whether his ideas are unassailable or arguable. For example, when Laura says that her brother carries around cans of V-8 to give to panhandlers, Sam has very little difficulty in showing how this is ineffective (the homeless man will simply try to sell the V-8 or drink it and skip a meal) and also arrogant (her brother thinks he knows what is best for the homeless). But what would happen if Laura put forth another idea, saying that it would be better for Sam to refuse the panhandler and save his sixty cents If he saved sixty cents everyday for a year, he could donate $219 annually to a local homeless shelter or rehabilitation clinic. Aside from helping the homeless by making this decision, he would also be helping to clean up the city and reduce panhandlers by reducing the incentive for begging. Sam could still debate this idea and maybe even come out on top, but we don't get the benefit of seeing how this elevated debate might pan out. Maybe it is an unfair criticism that Laura is too nave, since her navet helps to make the book a very good introduction to economic ideas for people who've never studied it, but for people who are familiar with economics, the book might be more interesting if Laura were a Marxist economist. Perhaps someone should present the idea of a Marxist antagonist to Russell Roberts as an idea for a sequel that would present a more advanced polemic on the benefits of free-market capitalism.
One of the stronger points of Sam's worldview is that he doesn't view money as some kind of ultimate end as economists are sometimes accused of doing. He believes that money...
He believes, in short, that money is the best tool for mutually beneficial trade that is in everyone’s self interest. This is a perfectly reasonable and healthy way of looking at the function of money and it helps to show that all economists aren’t money hungry greed heads. He makes a distinction between greed and self-interest when he explains his money-dangling class example to Laura. Over coffee, he uses the example of the bagels that Laura buys for breakfast at her local bakery. He asks her if she ever needs to call ahead to the baker and make sure he will have enough bagels and she replies, amused, that of course she doesn’t. Then Sam goes on to explain that, even though she takes it for granted, the baker wakes up at 3 o’clock in the morning to make a wide selection of bagels for her to choose from out of his own self-interest, because it will make him a profit. He goes on to say that this self-interest is not necessarily greedy—the baker might be saving up money to give to charity or to pay for an operation for his sick son—but it is still self-interest that makes her bagels possible. In this example Sam does a very good job of showing Laura (and the reader) how money and the invisible hand of the market create value and regulate the distribution of goods flawlessly. But when Laura comes back and says that she’ll admit that self interest is good if Sam will admit that sometimes there are bad and greedy CEOs that prosper and some regulations might be able to improve the marketplace, he comes back and asserts. ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
Romance Movie
Although humans could experience wide range of feelings and emotions, one of the most strong and life altering feeling is love, or if, viewed from a particular perspective, romantic love.
4 Pages(1000 words)Essay
Invisible Cities
Khan grows tired of the stories told to him by messengers from across the empire, but is only interested by those narrated by Polo concerning the cities that he allegedly encountered in his travels. As many as Khan insists, Polo never agrees to talk about his home city, Venice.
3 Pages(750 words)Essay
Economic Theories. Explain the key theories of Adam Smith relating to the free market the 'invisible hand' non-intervention
Moreover, the important things in the free market is the different types of free market philosophy which include the concept of unrestricted free market philosophy, and the competitive free market philosophy. The Philosophy of the unrestricted free market means that the market of the goods does not need permissions of importations from other parties even from the ministry of the commerce.
4 Pages(1000 words)Essay
Romance Movies
It is sometimes difficult to describe what a romantic movie entails and there is a differential factor between the age groups as well as the time and the setting of the movie. Romance movies usually have a unique theme that keeps people in suspense and keeps them anticipating for what will happen next.
2 Pages(500 words)Essay
Ralph Ellisons Invisible Man
The character's description of his invisibility is not the traditional definition of the word, that he cannot be seen, but rather an observation that all of the people he has met in his life have not seen him for the individual he really is. Instead, they see him as a reflection of their own projections onto him, whether that be a stereotype, a pawn, or a blind follower.
5 Pages(1250 words)Essay
Visible and invisible
Besides, scholars consider the term “space” an oxymoron co-notated with a heavenly perception. Furthermore, they tend to associate space with the unknown phenomenon such as exploration of heavenly
5 Pages(1250 words)Essay
Workplace romance
This can be illustrated when two members working for one organization generate love and affection toward each other. Workers found in this situation spend more time together and go for lunch in the company of one another. On the other hand, they make their
15 Pages(3750 words)Thesis
Invisible Man 3
His desire to belong to a group continues until he becomes a member of a Brotherhood that leads him nowhere else but to where he used to be, an invisible man, who,
1 Pages(250 words)Essay
Comic spirit- romance in comedies
t, which was written in the 1890s and considered to be Wilde’s magnum opus, has been flatteringly measured up to Shakespeare’s comedy Twelfth Night. Wilde reworked the old Victorian sentimental genre to a one of its kind, hilarious, somewhat nonsensical, highly fictitious
5 Pages(1250 words)Essay
What is Romance
Though we have often acknowledged the existence of love and the encompassing nature of its might, being the ultimate good in men and that which ‘makes the world go round’, we are aware as well that love must have been sustained by elements that facilitate its
3 Pages(750 words)Essay
Let us find you another Essay on topic The Invisible Heart: An Economic Romance for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us