Shipyard (The Last Ship)

The musical The Last Ship is set in Wallsend, England.  In this town, there is one shipyard that will close in the near future. The workers sing about how “the only life we’ve known is in the shipyard”. With the closing of the shipyard, the workers will be unemployed. If their skills don’t translate easily into […]

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Life Story (Closer Than Ever)

The singer discusses her life story in this song, starting with her “liberated marriage”. Many economic concepts are covered here, including: * college tuition costs * the loss of human capital (since you work less because of children) * that higher wages are earned by those with college degrees, particularly MBAs * the economic costs […]

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Henry Ford (Ragtime)

Henry Ford was one of the greatest entrepreneurs of all time. His success was due in large part to the use of assembly line production, which significantly decreased the costs of production. In the song, he sings “even people who ain’t too clever, can learn to tighten a nut forever”. Now the costs of production […]

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