Saturday 4 October 2008

Demand is a function of price

As Amir pointed out to me when I wandered past his apartment with a baby tied to me in a papoose, setting your price at zero tends to drive up demand rather than dampen it. I'm reflecting on this while nine-month-old Sophia snores softly behind me. Perhaps I should put myself forward as a case study for Haas...

Hannah and Elise (Sophia's mum) are studying economics, the Golden Bears are currently leading in their latest game of American football, and I have a cute baby to play with. It's a perfect Saturday!



Amir explains basic business theory to me and Sophia.



Day of rest.