7min chapter

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Coase, the Rules of the Game, and the Costs of Perfection (with Daisy Christodoulou)

EconTalk

CHAPTER

Valuing Society's Heroes

This chapter examines a student's essay on the wage disparity between athletes and essential service workers, challenging societal norms regarding value and recognition. It explores the concept of idolatry in modern priorities and emphasizes the need to re-evaluate how we value professions that contribute significantly to society.

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