Textbook Contest – Results

by on May 24, 2009 at 7:19 am in Books | Permalink

Many thanks for all the excellent suggestions for an epigraph for Modern Principles.  Here were some of our favorites:

"He tried to read an elementary economics text; it bored him past
endurance, it was like listening to someone interminably recounting a
long and stupid dream."

Ursula K. Le Guin, "The Dispossessed"

We liked that this has an exoteric and esoteric meaning but we suspect that it would be hard to get past "the Corporation."  (The esoteric meaning?  The novel is about a communist utopia so it's really no surprise that the characters (and the author) think that elementary economics texts are boring!). Suggested by Dave C.

"Competition is good for consumers."
N. Gregory Mankiw

Suggested by Eli Dourado.

"Economics is really about understanding the world — and changing it
– and not in a messianic fashion but in an honest fashion."
James J. Heckman

A close one.  Suggested by Jared.

Advertise Here.
Suggested by Alex Tabarrok.

I liked it!

And the winner is:

Economics is the study of how to get the most out of life.

I thought this phrase, which was suggested by Scott Gustafson, captured the joie de vivre and the love of economics that Tyler and I have tried to bring to Modern Principles.  It's unclear who said this first, although nicely for us Russ Roberts used this phrase to describe Tyler's book Discover Your Inner Economist, thus there is some history.

Thanks everyone for your many helpful and excellent suggestions!

dearieme May 24, 2009 at 8:41 am

vivre

Mario Rizzo May 24, 2009 at 11:16 am

I don’t like it. It confuses the important distinction between personal life improvements (“self-help” books) and the catallaxy in which knowledge and opinions about the “good life” are far from homogeneous. Getting the most — for the least — may be a reasonable rendition of the economic principle for a given individual. But “economics” is far more than that.

Jared May 24, 2009 at 11:36 am

Did you have fun reading the suggestions? I thought some of them would make excellent writing assignments. “Begin a story with the preceding quotation. End it with the following” :-)

Gregory Rehmke May 24, 2009 at 1:13 pm

Economics is an adventure, an exploration into the realm of social order. But who would want to explore a realm called “social order”? Which is why, to pass this class, we are forcing you to study this book.

Robert May 24, 2009 at 9:44 pm

Shame – the Mankiw one is the best!

not_scottbot May 25, 2009 at 5:01 am

Well, at least in the book itself, Anarres is described as a mining colony.

But I much prefer this quote –
“For we each of us deserve everything, every luxury that was piled in the tombs of the dead kings, and we each of us deserve nothing, not a mouthful of bread in hunger. Have we not eaten while another starved? Will you punish us for that? Will you reward us for the virtue of starving while others ate? No man earns punishment, no man earns reward. Free your mind of the idea of deserving, the idea of earning, and you will begin to be able to think.†

(And noticing that the words of a man that supported tenure for a torturer are just above mine, one who uses the word ‘virtue,’ is sickening.)

Alex Tabarrok May 25, 2009 at 5:01 pm

Communism in its final stage!

Jodi Beggs May 26, 2009 at 1:19 pm

The Mankiw quote made me laugh- who knows, maybe I’ll have another favorite economics textbook soon. :) Too bad the joke would be lost on the reader…

Sergio May 29, 2009 at 12:21 pm

How about adding an extra sentence to your final selection:

Economics is the study of how to get the most out of life, and help others do it as well.

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