The main character in the novel, Henry Spearman, an economic professor at Harvard, heavily uses his economic sense to observe and act out his decisions. For example, early in the novel Professor Spearman uses economics to decide whether or not he should interrupt his work to have a talk with one of his colleague. He calculated that the opportunity cost would be losing time with his committee wo

rk. To make up for his committee work time he would have to lose lecture time which would finally result in losing income. Spearman doesn't just recognizes economics in his work but also during his leisure time. The professor provided us with an insight on consumer surplus during a browse at a local mall. Spearmen notices that the store uses a moving discount meaning that an item will be discounted every week until it has been sold. His thought was that if a customer waited until the price was attractive, they risk losing the item. If they bought it too early they could lose they savings that they could of had.

Other characters in the novel were also involved in everyday economics. The members of the committee who voted to reject Gossen didn't know about the severe cost when they turned him down. They were thinking about how they could maximize their utility by voting for Gossen. If Grossen was promoted, it would not benefit them in a significant way. They didn't know that the price of rejected Grossen was losing their own liv

Some common words found in the essay are:
Sophie Ustinov, Professor Spearman, Fatal Equilibrium, Dennis Gossen, Harvard University, Gossen Grossen, Henry Spearman, Marshall Jevons, fatal equilibrium, dog food, characters fatal, opportunity cost, characters fatal equilibrium, supported idea variety, supported idea, involved economics, economic thinking, novel involved, lives economics, idea variety,
Approximate Word count = 706
Approximate Pages = 3 (250 words per page double spaced)