After fifteen weeks of a microeconomics class who would have knew that the ideas of economics are all around us. If you just focus your hearing you can find some type of idea in every song, some more than others. In 1978 Rush released the song The Trees. This song is about two trees the maples and the oaks fighting over the sunlight. Already we have some economic ideas like supply and demand. I have a few specific lyrics that I relate to more than others. The first sets comes at the end of the song. “For they passed a noble law and the trees are all kept equal by hatchet, axe, and saw” –Rush. When I hear these lyrics I think of the tax incidence and the elasticity of an item. The second sets of lyrics are from throughout the song. “For the
…show more content…
The first thing I thought of when I started listening to this song was competition. I took a while to decide if this set of lyrics were describing perfect competition like a corporation or if there was no competition and it was a monopoly. So how I first looked at it was that there was a monopoly. That the sun was to producer of sunlight the sun had a monopoly. Then I looked at it in a different way that since the sunlight was a necessity that would make it inelastic. When we talked about a monopoly we only talked about it being elastic. This would make it where there is perfect competition between the trees and the sun really can’t set the amount of sunlight it produces. So now that being said, the market sets the value of the sunlight not the sun so there is perfect competition. Now hopefully after reading this you will go and listen to The Trees by Rush. The song is filled with economic ideas. Like the ones I discussed in this paper. “For they passed a noble law and the trees are all kept equal by hatchet, axe, and saw” –Rush. Hopefully when you hear these lyrics you will think of the government taxing the rich. Trying to distribute the wealth between all the classes. And for the second set “For the maples want more sunlight and the oaks ignore their pleas” –Rush. When you hear this hopefully you think of competition either perfect or none at
The first thing I thought of when I started listening to this song was competition. I took a while to decide if this set of lyrics were describing perfect competition like a corporation or if there was no competition and it was a monopoly. So how I first looked at it was that there was a monopoly. That the sun was to producer of sunlight the sun had a monopoly. Then I looked at it in a different way that since the sunlight was a necessity that would make it inelastic. When we talked about a monopoly we only talked about it being elastic. This would make it where there is perfect competition between the trees and the sun really can’t set the amount of sunlight it produces. So now that being said, the market sets the value of the sunlight not the sun so there is perfect competition. Now hopefully after reading this you will go and listen to The Trees by Rush. The song is filled with economic ideas. Like the ones I discussed in this paper. “For they passed a noble law and the trees are all kept equal by hatchet, axe, and saw” –Rush. Hopefully when you hear these lyrics you will think of the government taxing the rich. Trying to distribute the wealth between all the classes. And for the second set “For the maples want more sunlight and the oaks ignore their pleas” –Rush. When you hear this hopefully you think of competition either perfect or none at