Economics in Film

Topics: Marginal cost, Costs, Cost Pages: 3 (905 words) Published: May 19, 2011
May 4, 2011
Discussion Paper # 1
The movies we’ve watched and the articles we’ve read, have given an insight as what may happen, and what is already happening to the world. The movie “Wall-E” has shown the possibilities of world destruction, while the movie “A Civil Action” shows the kind of destruction that is occurring now, and the cost that is associated with both scenarios. To coincide with these two movies, the articles “The Tragedy of the Commons” and “The Problem of Social Cost”, also tell us what to expect if the human race does not change its ways.

The movies Wall-E paints a picture of the tragedy that will fall upon the Earth, if consumption is not brought under control. Everything that is produced today is for all intensive purposes, disposable! It is no wonder we are called “the throwaway society”. There is really nothing that is made anymore, that you don’t throw away. The movie shows that when you the collection of items, that people just throw away, in Wall-E’s rotating closet. It is also seen when he compacts trash into blocks. Items that were once valuable are now worthless. In other words everything is replaceable by something better. So, what do we do? Throw the old item away. In some ways you can say that technology is to blame. Technology has made it very easy to produce new goods as well as easier to purchase. Technology keeps the cost of production lower and so, that makes the items that were too expensive for everyone, accessible to everyone. As long as the costs stay low we will continue the consumption of goods and services at a very high rate. One option to prevent the high rate of consumption is to increase the price of the goods and services so that people will wait longer before throwing the old item away. Another way is to charge a refundable tax on certain items, similar to recycling, so that if you trade an item on a new you can either get half your tax amount returned to you or you can write-off double the tax amount on...
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