Economics Is Not About Money

Economics is not about money, it's a lens of great power and beauty. The first economic principle we'll touch on in today's class is thinking about the world in terms of costs and benefits. For every ice you make, there is the joy you get from that choice. And then there is the cost of the thing you didn't choose, the road not taken. We're going to see what makes up the very atomic structure of economics. In each class we will play one of our favorite episodes, or excerpts from episodes, and we'll look for the big economic ideas in each one.