Thursday, May 19th, 2011

Oil Price Rap

It's been a while since we checked in with the folks at Taiwan's Next Media Animation, but here they are explaining the current situation regarding oil prices in an easy-to-follow (if difficult-to-listen-to) rap! Stick with it, you'll learn something. For more information on economist Arthur Cecil Pigou's concept of negative externalities, head here.

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Bobby Womack (#4,074)

Surprisingly on the money. Who would have thought the same people who made the Conan videos would be talking about negative externalities and Pigouvian taxes?

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