The Price of Everything: A Parable of Possibility and Prosperity

The Price of Everything: A Parable of Possibility and Prosperity

Language: English

Pages: 224

ISBN: 0691143358

Format: PDF / Kindle (mobi) / ePub

Stanford University student and Cuban American tennis prodigy Ramon Fernandez is outraged when a nearby mega-store hikes its prices the night of an earthquake. He crosses paths with provost and economics professor Ruth Lieber when he plans a campus protest against the price-gouging retailer--which is also a major donor to the university. Ruth begins a dialogue with Ramon about prices, prosperity, and innovation and their role in our daily lives. Is Ruth trying to limit the damage from Ramon's protest? Or does she have something altogether different in mind?

As Ramon is thrust into the national spotlight by events beyond the Stanford campus, he learns there's more to price hikes than meets the eye, and he is forced to reconsider everything he thought he knew. What is the source of America's high standard of living? What drives entrepreneurs and innovation? What upholds the hidden order that allows us to choose our careers and pursue our passions with so little conflict? How does economic order emerge without anyone being in charge? Ruth gives Ramon and the reader a new appreciation for how our economy works and the wondrous role that the price of everything plays in everyday life.

The Price of Everything is a captivating story about economic growth and the unseen forces that create and sustain economic harmony all around us.

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be at that protest, right?” Ruth knew he was teasing her. She loved having him in the class. A class without someone like Josh was like chili without chili powder. She also noticed Amy blushing. Why was that, she wondered. “What you’re really saying, Josh, is that prices do more than steer resources around and let people use their knowledge. Prices also affect your happiness. It’s true that anyone who wants to buy a house in Palo Alto is able to find one. But only at a very high price relative

society to make important decisions using only profits as the benchmark.” “Profits would be a terrible way to decide where to take a vacation or who to marry or how to spend your life. If you only use profits or money as the guideposts for your life, your soul will shrivel and die. What kind of moron marries the richest girl who’ll take him? But an economy without profits or losses as guideposts will create a lot of suffering. Even if David Kornfeld had been a saint, he wouldn’t have spent the

and for an instant, only the doctors know what has happened. They hesitate in the sudden silence and everything truly does stop around the bedside for that instant. Then the doctors whirr back into life like a car engine responding to the ignition key on a cold morning. Once the moment of silence and suspension has passed, the news begins to swell outward, pounding on the shore of the nation like a great storm. As news of the death of the Great Leader spreads, minds and tongues are in motion,

catastrophe? He didn’t know what to think. But he knew that her advice to speak from the heart was genuine. He’d do the best he could. He still needed an ending. Ramon headed to the tennis center for his change of clothes. He opened his locker and saw a post-it note, taped to the top shelf. On the note was a big arrow pointing to the bottom of the locker. At the bottom of the locker was a package and a card. He opened the card. “Dear Ramon, Happy Graduation, With respect, Ruth Lieber.” Ramon

on campus had only gotten harder, but he found a spot near enough to the tennis center and walked over. A group of kids, part of a summer camp, were playing on the side courts. Center court was empty. He was surprised at the surge of emotion that washed over him as he sat in the stands, losing himself in the memories. Then he stopped off to see Coach, who ribbed him about how he’d struggle today to go five sets with those five extra pounds around his middle. Instead of heading back to the car,

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