Economics in the real world!
Tim Clodfelter of the local Winston-Salem Journal wrote a very interesting piece on the future of brick-and-mortar
video stores and video rental places such as NetFlix and Red Hat.
I happened to be quoted in the article as an economist (the comment about “reducing the average cost every time we watch a purchased video” was supposed to be a joke!), but actually met up with Tim in my role as mom and pseudo-agent! Let me explain.
My 15-year-old daughter was standing in a very long line of young ladies waiting to audition for the Coen Brother’s remake of True Grit. Tim was there to get the story on the open casting. I asked him over hoping he would talk to my daughter. He and I got to talking instead; he found out that I was an economics teacher, and pulled out his notes on the Video Store story. He ended up talking to me and several other parents in line, all of whom had a different approach to viewing movies. The resulting article follows with permission to publish on Learning from Dogs.
Learning from Dogs 