FOR207 – Wagner “The Road Not Taken” Introduction Assignment
“The Road Not Taken,” by Robert Frost (1916), is one of the most famous and well-known poems of the century. Most people are aware of the choice taken in this poem, but are not aware of the fundamental economic concepts portrayed. Robert Frost writes this poem explaining how there was a choice: take one road, or take the other. This choice is a lot like any other choice made in everyday life. Choices are made by individuals. These choices can only be decided when one realizes how scarce each resource is. In the case of this poem, Robert Frost recognized that each path was scarce. He had to decide which path had a better payoff.