They Don’t Make Movies Scenes Like This One Any More

(Don Boudreaux)

People in my generation will be amused to see, in this scene, Gilligan’s Island “skipper,” Alan Hale, dressed in a business suit. But the truly interesting feature of this short clip is the spot-on economics lesson delivered in the span of four minutes. (HT Mark Steckbeck, and my colleague Dan Klein)

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