Wednesday, December 12, 2012

The Economics of Christmas Lights



I Posted this last year, but I thought it was worth an encore.

The Economics of Christmas Lights

Seth Godin, in his blog, asks this question about Christmas Lights.

"Why bother buying them, putting them up, electrifying them and then taking them down again?
After all, the economist wonders, what's in it for you?"
Here is the entire post

I know at least principles instructor who is going to bring the question into class. What kind of responses do you think he will get?


Note: Godin (not an economist) mentions 'the broken window theory'. He is not talking about the Broken Window Fallacy.

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