Archive for April, 2011

Video On Thurday: Greed – Venue & Time Confirmation

April 27, 2011 Leave a comment

Hello Everyone.

As mentioned earlier we are going to be showing a video tomorrow, called Greed, which ties in very nicely with what we have talked about so far. Hopefully, it will answer some of your questions,
and also get you thinking about some of the topics yet to come.  This will be an interactive night and so come along and bring your friends.

  • Time: 6pm
  • Date: Thursday 28th April
  • Location: The Glass House – Business School Student Center, Level One

Postscript: If your not sure where the Business School Students Centre is, walk off the street in through the main doors of the Business School.  This is level one.  Turn right and walk past the ASB Bank and you will have reached the Students Centre.  Hope to see you there.

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Video On Thursday: Greed

April 25, 2011 Leave a comment

Hello Everyone,

I hope you’ve all had a good Easter Break, while still managing to get prepared for mid-semester tests. We are going to be showing a video on Thursday, called Greed, which ties in very nicely with what we have talked about so far. Hopefully, it will answer some of your questions, and also get you thinking about some of the topics yet to come.

Look forward to seeing you on Thursday.

Time: 6pm
Venue: TBC

We know many of you are busy with mid-semester tests, and the like, this week and can’t make it. You can watch the video below. Good luck with your tests.

Greed – Part 1:
Greed – Part 2:
Greed – Part 3:
Greed – Part 4:
Greed – Part 5:
Greed – Part 6:

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The Toaster Project

April 20, 2011 Leave a comment

Hello all,

Here’s an interesting, and amusing, modern-day illustration of the ideas put forward in I, Pencil.

If a man, from our modern-day civilisation, were to be relocated into that of a primitive society and assumes that he would be able to transform their society with his own knowledge and skills alone, he would be greatly mistaken. The Toaster Project is based on this scenario, demonstrating that if a man were “Left to his own devices he couldn’t build a toaster. He could just about make a sandwich and that was it.” (Mostly Harmless, Douglas Adams, 1992), As we know, it takes the knowledge and skills of an entire civilisation to make even a single pencil, let alone a toaster.

More here at: The Toaster Project

[Hat tip: NotPC]

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Mid-Semester & Easter Break

April 12, 2011 Leave a comment

Hello Everyone,

I hope you are enjoying your break from classes, and for those of you in the real world I’m sure you’re looking forward to the Easter break.

Thank-you to Sean Kimpton from AUT, for giving us an insightful lecture on the price system last week.

For those who missed earlier mention of it, there is a great little book called I, Pencil, by Leonard Read, of which Milton Friedman said… “I, Pencil, has become a classic, and deservedly so. I know of no other piece of literature that so succinctly, persuasively, and effectively illustrates the meaning of both Adam Smith’s invisible hand—the possibility of cooperation without coercion— and Friedrich Hayek’s emphasis on the importance of dispersed knowledge and the role of the price system in communicating information that will make the individuals do the desirable things without anyone having to tell them what to do.”

I, Pencil ties in with much of what we have covered so far, in the weekly seminars.  It is published by the Foundation for Economic Education, which Leonard Reed started in 1946. You can read, or listen to, it online by following this link: I, Pencil

We’ll be back to weekly seminars on the 26th of April. Look forward to seeing you all again then.

Categories: Uncategorized

Room Change OGGB 223: The Price System and Economic Coordination

This week at the UoA Economic Group we continue our discussion of the fundamental Economic Harmonies. Tomorrow night, Tuesday 5th April, guest lecturer Sean Kimpton will explain how price signals and the daily decisions of entrepreneurs coordinate the worldwide Division of Labour.

  • How the various branches of business are kept in proper balance;
  • the impetus to economic progress;
  • how ‘Paris Gets Fed’;
  • the effect of price controls;
  • how consumer advocates harm consumers;
  • how speculators help them.

All this and much more!

Join us tomorrow night, Tuesday, 6pm OGGB 223.

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