Jul 20, 2017 · 1 min read
Had to share: I was part of a United Nations team serving eastern Europe soon after the fall of the Berlin Wall. Part of our job was running Econ 101 classes for newly freed people desiring to build their own company. What got the biggest response was our sessions on Opportunity Costs, which I just assumed was self-evident to anyone ever having to choose “If I do X, I can’t do Y”.
Six years later I was teaching advanced Health Econ courses at a major American university and realized my countrymen were just as clueless.
