Making Sen$e with Paul Solman
Author Says Modern Life is Good Despite Recession
Author Matt Ridley says life is getting better and better despite the recession. Paul Solman reports on Ridley's optimism.
This video is from the Making Sen$e with Paul Solman video series from PBS. Learn more about these videos and view a listing of the most recent videos we have available.
Key Concepts
Cost/Benefit Analysis, Decision Making, Division of Labor, Exchange, Interdependence, Specialization, Trade
OTHER RELATED LESSONS
The purpose of this activity is to demonstrate that the production of most goods can be broken down into a number of specific tasks (division of labor), with each of these tasks assigned to specific workers (specialization.)
Grades K-2, 3-5
It’s December 16, 1773 and many of the citizens of Boston are furious with King George’s new tax on tea. Young Ethan, a printer’s errand boy, has been given the task of conveying information concerning an upcoming protest meeting. As he makes his rounds through the city the reader is int...
Grades K-2, 3-5
In this lesson, students will learn about the gains from trade. Students will participate in a trading game that will demonstrate that trade can make everyone better off.
Grades 6-8, 9-12
When Henry Ford announced he was going to produce an automobile that would be affordable to the masses, he probably did not realize what a great impact his achievement would have on life in the United States and, eventually, the world. Ford’s use of mass production strategies to manufacture...
Grades 6-8, 9-12
Your students will consider the following questions: In deciding to secede from the Union in 1861, did the South violate its own self-interest and thus disprove the basic economic principle that people seek to further their self-interest in the decisions they make? To get at the question, each ...
Grades 6-8, 9-12
INTERACTIVE TOOL REVIEWS
Be the first to review this interactive tool!
Add a Review
