Production Possibilities Frontier

Season 5, Episode 8: Arya tells story of how she would reinvest her daily profits, first for a second bucket to bring to the market, then for a cart. This allowed Arya to bring more goods to the market and make great profits. Standard economic models show that with an increase in capital – which …

Tipping

Season 5, Episode 9: Arya is an oyster saleswoman and for her good service receives the initial amount of money for the oyster plus a tip. Tipping is an economic phenomena that happens in many economies today and is seen as an incentive system for good service.

Markets vs. Plundering

Season 2, Episode 3: Theon argues for cooperation and gains from trade, his father argues for seizing land and not doing anything productive. This is a good example of how wealth was gained throughout history vs. how wealth is primarily gained now. Most of the rich people in the world now gain their wealth through …