If you choose to listen to this video you cannot be somewhere else listening to something else. That is an example of the microeconomic theory opportunity cost which I discuss in this video.
We subconsciously make these calculations constantly but seem to consciously ignore their implications when we imagine it to be politically expedient.
- Video this is a followup to | What is Left of the Left? : FLAWS
- Added a hat form the Pussyhat Project to an old drawing | Who’s That in My Window
- More on Opportunity cost from Mises Wiki : Cost and Investopedia : Opportunity Cost
- Ruins mentioned in the video. Exploring Mahendraparvata, Cambodia’s ‘Lost City’
- Story about death in Oculus | N.J. woman dies after fall from World Trade Center Oculus escalator, police say