Lovely Ladies (Les Miserables)

This Les Miserables song is a good one to play to lead into a lesson on prostitution or prohibitions. Prostitution is prohibited in many markets, yet it still occurs. This song can also be played to start a lesson on labor economics and compensating wage differentials. Because prostitution is such an undesirable profession, higher wages […]

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Stars (Les Miserables)

Javert wants to find Jean Valjean. Badly. Javert provides a great example of inelastic demand, as he swears upon the stars that he will never yield, under any circumstances, in his quest to find Valjean. In fact, economists would say he has perfectly inelastic demand – as the price won’t influence Javert in his quest. […]

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