Friday, September 12, 2014

Harris Worthman, Chapter 1, Question 6

If there's one thing that has sparked my interest in economics it's the idea of Opportunity Cost. In chapter 1 of Naked Economics Charles Weelan states that the most limited resource we all have is time and everything you do with what little time you are given is a lost opportunity to do something else. He portrays just a fraction of the possibilities to give the reader an idea of what opportunity cost really entails. "At the moment you are reading instead of working, playing with the dog, applying to law school, shopping for groceries, or having sex." I like how Charles writes about the reader reading his book and uses that as an example. When I read this I started getting a bit stressed because it reminded me that at any moment I could be applying to a college or preparing for my future in some way. There are so many different productive things we could be doing but we often think only of the pleasurable alternatives. So keep in mind that you are currently reading this blog post when you could be having sex.

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