What Star Wars Can Teach Us About Economics

One of my favorite economists wrote a post dissecting the economics of Star Wars.

star wars death star

A fav economics analyzing a fav movie franchise = win.

He makes some interesting points about what people’s actions in Star Wars tell us about value-creation–that sometimes you can create value without creating anything.  Merely identifying a good use for something can create value.

From his post:

We meet Rey, the heroine of Star Wars: The Force Awakens, when she is scavenging for parts from a wrecked star destroyer. She isn’t making anything, per se, but she’s creating value by identifying resources in low-value uses and moving them to higher-value uses. In doing so, she’s giving us an important lesson in industrial policy.

It’s an interesting read, especially if you are looking for something more pop culture to occupy your mind today!

About Jeanne Marie Hoffman

Former bartender, still a geek. One equal part each cookies, liberty, football, music, travel, libations. Stir vigorously. +Jeanne Marie Hoffman Jeanne on Twitter

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