Archive for April, 2012

Planning Without Plans

April 27, 2012 Leave a comment

It’s said that the market can’t plan; that without a central planner no planning can get done.

It’s a mystery to many people, but just because they can’t see the planning themselves doesn’t mean there is nothing there.

The market does have a plan. It’s called the Price System.

The Price System is the means whereby hundreds of million individual decision-makers can coordinate their plans without ever having met each other.

This Monday at the Auckland Uni Economics Group we discuss the Price System and Economic Coordination—offering five simple principles to help you understand how the market almost automatically coordinates the economic activity of every person on the planet, and why order rather than an “anarchy of production” is the result.

Date: Monday, 30th of April

Time: 6pm

Place: Case Room 4, Level 0, Business School Building

Look forward to seeing you there.


PS: Note that due to popular demand all meetings are now being held on Monday evenings instead of Thursday evenings. We hope to see you there!

PPS: Many of you have been asking if you can bring friends along, especially friends who are not students—or not economics students. Our answer: of course!  The more the merrier.

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Economic Harmonies Part III: – Making the World Harmonious

April 21, 2012 2 comments

Hello All,

First off: We have changed our meetings to Mondays at 6pm, due to there being a lot of other events on Thursdays.

This week we continue looking at the Economic Harmonies:


-> Remember how economics teaches us The General Gain From the Existence of Others?

-> Remember how the Division of Labour makes us all more productive?–How Comparative Advantage and the Pyramid of Ability show us we all have a place in production.

-> How trade raises the value of everything–Remember the Double Thank You Moment.

-> And remember the Miracle of Breakfast?–and how “Paris Gets Fed.”


Well, this week we look at the foundations which the very existence of all of the these miracles, and all of the Economic Harmonies we’ve talked about, rest upon.


Date: Monday, 23rd April

Time: 6pm

Where: Seminar Room 219, Level 2, Business School Building


Come along this Monday to continue your exploration of economics, and hear about these very special six things.

We look forward to seeing you there.
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Weekly Meeting – Hayek vs Keynes Debate

April 18, 2012 Leave a comment
This week we are going to be watching a couple of rap videos. Yes, that’s correct, rap videos.
These videos look at the debate between two conflicting schools of economic thought. The rap is a battle off between Hayek and Keynes, proponents of the Austrian and Keynesian schools, respectively.
We will discuss the key differences between these schools of thought, some of their implications, and the story behind this historic debate.
Date: Thursday, 19 April
Time: 6pm
Where: Case Room 3, Level 0, Business School Building
So come along for an interesting discussion and (more importantly) some quality music.
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Weekly Meeting – Greed, by John Stossel

Hello Everyone,

This week we are going to be watching a video called Greed, by John Stossel.

It will look at such questions as: Is greed good or bad? What are the implications of greed on the the economy?

Where: Case Room 3, Level Zero, Business School

When: Thursday, 5th April

Time: 6pm

Also, lecture material and other interesting links are up on the blog now. I will be adding to these over the holiday.

For those of you who are on Facebook, please take part in the poll regarding which day we should hold our meeting. If you do not have Facebook, you can email us.

Look forward to seeing you there

Categories: Uncategorized