Do you know why the number 8760 is important? It’s the number of hours in a year. What if we thought about how much of our life it takes to buy something, like a carton of eggs or a house, instead of thinking about how many dollars it costs?
This webinar explores an alternate way of thinking about the “cost” of any object: the effort that is “hidden” underneath a dollar bill. The session will also cover historical trends in productivity, how wealth is created in modern economies, and how to technology increases quality and decreases price over time.
Presenter: Dr. Jeremy Horpedahl
Assistant Professor, University of Central Arkansas
ACRE Scholar