Back to Course OutlinePrinciples of Microeconomics
Lesson· The Price System· 1 of 13
I, Rose
Alex TabarrokGeorge Mason University
How is it that people in snowy, chilly cities have access to beautiful, fresh roses every February on Valentine’s Day? The answer lies in how the invisible hand helps coordinate economic activity, Using the example of the rose market, this video explains how dispersed knowledge and self-interested actors lead to a global market for affordable roses.
See: I, Pencil