Wednesday, September 02, 2009

Superman seen with eyes of an economist

superman-10redbacksYou thought it was unrealistic that a man could fly? Wait until you read this good example why you should not think about economy (not even in these days) while watching a superhero movie:

Most readers will understand the sense in which it would be "wasting" Michael Jordan's skills if he were an accountant or even a social worker. In the same way, the economist watching Superman worries that it is almost certainly "wasteful" if the Man of Steel spends his time flying around looking for petty thieves, not to mention kittens caught in trees.
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To best exploit his amazing potential, Superman should hire an agent (or even a team of agents) who is fully briefed on the Kryptonian's various powers, and then works around the clock finding potential employers. If the world of the Superman movies really existed, I would find some way of contacting him and make him the following offer: "Mr. El, if you let me be your agent, I can guarantee you $100 billion in pretax earnings the first year, or else I work for free. If we do meet the target, though, all I ask is a measly .01 percent commission on everything you earn above it."

If he took me up on this offer, I am quite confident that I'd be rich. Consider payload delivery: In 1990 Arabsat Consortium paid the Chinese government $25 million to launch a satellite into orbit, and this was considered an unfairly low price in Western countries. Because of the reduced risk (Superman won't explode on the launch pad) and scheduling convenience (he can do it tomorrow if you really need it done quickly), Superman could easily charge this amount. Since he was able to deliver the Eiffel Tower elevator (containing the nuclear bomb) into space in less than sixty seconds, Superman could leisurely put a dozen satellites into orbit per hour. At that rate (and assuming a forty-hour work week and two weeks vacation per year), Superman could earn $600 billion annually.

Some people ruin everything ;-)

1 comments:

Anonymous said...

Hi

I read this post 2 times. It is very useful.

Pls try to keep posting.

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Best regards
Jonathan.