Type:

Video

Description:

How and why the economy works… in 3 minutes. At some point in our distant past, a human who had food met another who had a spear. The two exchanged, and departed better off than when they met. Simple as it sounds, a highly evolved version of this concept is the reason we have planes, computers, and the internet today. Professor Antony Davies of Duquesne University and Erika Davies of George Mason University explain.

Subjects:

  • Social Studies > Economics

Education Levels:

  • Grade 11
  • Grade 12
  • Higher Education

Keywords:

behavioral economics, trade, exchange, specialization, rationality

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution 3.0
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