TODAY: Roses and Thorns, Make-up test reminder, Still correcting tests and Voicethreads, BWF Revisited, Quick Write, Introduction to project, Work Time?

What Is Seen and What Is Not Seen

1.1

In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.

1.2

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

                                             FREDERIC BASTIAT - 1848

 Talk in your groups and brainstorm instances where "Bad Economics" is being practiced.

QUICK WRITE: Describe one of these instances in your notebook.


All the requirements for this weeks project can be found below.

http://goo.gl/xKz196