Find five applications of any economic ideas in the book Candide by Voltaire. Ju

Question

Find five applications of any economic ideas in the book Candide by Voltaire. Just quote the book and what it relates to.

For example:

The King laughed. `I don’t understand your European taste for our yellow mud,’ he said; `but take all you want, and much good may it do you. P. 83 (Law of demand or DMV)

`Yes,’ said Martin, `but theirs is another kind of folly. You realise of course, that these two nations are fighting over a few acres of snow on the borders of Canada, and that they spend more money on this glorious war than the whole of Canda is worth. P. 110. (Sunk cost)

Explanation / Answer

On this book we take some examples that is related to economics. That is,

1.

"This noise, said Pococurante 'can give half an hours amusement: but if lasts any longer it bores every one" P-119

(Law of demand)

2.

"Small as the estate was, it bores heavy crops, there was no denying that cunegonde was decidedly ugly, but she soon made excellent pastry, pacquette was clever at embroidery, and the old women took care of the linen. No one refused to work, not even brother Giroflee, who was a good carpenter , and thus become an honest man" P-144

(Comparitive advantage)

3.

But surely , exclaimed candide, the french admiral must have been just as far from the English as the English admiral was from the French,

True enough, was the answer, ' but in this country we find it pays to shoot an aadmiral from time to time to encourage the others. P-111

(Incentives)

4.

Those who have never seen well trained armies drawn up for battle, can have no idea of the beuty and brilliance of the display. Bugles, fifes, obes ,drums, and slavoes of artillery produced such a harmoney has hell itslf could not rivals. The oppening barrage destroyed about six thousand men on each side,. Rifle fire which followed rid this best of worlds of about nine or tenn thousand villains who infested its surface. Finally, the bayonet provided 'sufficient reason' for the death of severe thousand more, The total casualities amounted to about thirty thousand. candide trembled like a philospher , and hid himself as best he could during this hroic butcherry. P-35

( Prisonners dilemma)

5.

' How much do you want' Candide asked him" to take me to venice directly? there's myself , My servants, My lugguge and those two sheep there'

The captain suggested ten thousand piastress, and candide agreed without hesitation.

'Oho' said the prudent vanderdendur to himself, ' This stranger is ready to give ten thousad piastress all at once,is he? he must be pretty rich'

So he come back a moment later and intimated that he could not leave for less than twenty thousand.

'very well' said candide.......' Bless my soul', said the captain, under her breath ,....., 'so he come back once more' P-88

(Price discrimination)

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