Scholarly Works - Digital art
Digital art
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April 3, 2015
Do you want to be a professor? Are you in grad school, applying, or preparing to apply? Do you ask yourself “should I go to graduate school?” or “should I apply for a PhD program?” If so, then let this video be your guide as Professor Michael Munger of Duk ...
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Digital art
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April 12, 2013
What can we learn about markets from a WWII POW camp? According to British economist R. A. Radford, POWs found that rather than give away unwanted rations to other POWs, “goodwill developed into trading as a more equitable means of maximizing individual sa ...
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Digital art
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February 4, 2013
People and organizations incur costs when they compete for money that is “given” away. For example, if a college offers a scholarship to the student who writes the best essay on a particular subject, students competing for the scholarship will spend time a ...
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Digital art
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January 18, 2013
Why is it that organized interest groups such as the National Rifle Association wield such powerful influence in policy discussions? According to Professor Mike Munger, the reason is simple. In politics, small but organized groups win. ...
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Digital art
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January 2, 2013
According to Prof. Michael Munger, prices (as in, the price of a carton of milk, or a new car) are akin to magic. Prices “magically” convert countless pieces of dispersed, complex information into a single signal that conveys to sellers what they should do ...
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Digital art
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December 18, 2012
An “externality” occurs when a transaction between two people affects a third person without that person’s permission. Professor Michael Munger illustrates a simple externality problem with potato chips. If Art sells potato chips to Betty, Art and Betty ar ...
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Digital art
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September 12, 2012
In this video, Professor Munger reminds us of the difference between democracy and majority rule. Democratic constitutions establish not only the process by which decisions will be made, but also the limits on kind of things can be voted on. This prevents ...
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Digital art
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2011
This hip hop music video, a follow-up to "Fear the Boom and Bust", examines 20th century economists John Maynard Keynes and Friedrich von Hayek (played by Billy Scafuri and Adam Lustick, respectively) responses to the Great Recession. The central question ...
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Digital art
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2010
This hip hop music video presents 20th century economists John Maynard Keynes and Friedrich von Hayek (played by Billy Scafuri and Adam Lustick, respectively) taking part in a rap battle discussing economics, specifically, the boom and bust business cycle, ...
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