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MAN: Not really. Mrs. Shepherd just happens to be partial to carrots…that’s all. It’s another example of a market giving people information. It tells you what people want, and it tells you what people don’t want. WOMAN: Same thing happened with those shawls I used to take to market. People seemed to get tired of the old favorite designs. Then as soon as I started to take some of our jazzy new designs they went like hot cakes, even though I was asking twice as much in exchange for them. MAN: Variety. That’s what people want and that’s what the market gave them: Choice. WOMAN: And that’s where the trouble began. The more choice people had, the more complicated the market became. MAN: Complicated. I’ll say it was complicated! Do you remember the time when we needed a dozen eggs WOMAN: Oh, yes, do I not It seemed the simplest thing in the world, didn’t it We’d just made a lovely new red cloak. MAN: Nothing seemed simpler than to take it along to Mrs. Farmer’s stall in the market, and swap it for her eggs. WOMAN: I know. But Mrs. Farmer didn’t want our nice new cloak that day. “No, thank you very much,” she said, “I don’t need a new cloak. What I want in exchange for my dozen eggs is something for our supper, like a nice fat salmon.” MAN: Well, the Fishers have a nice fat salmon, so we go along to the Fishers with our lovely red cloak. “Very nice indeed,” says Mr. Fisher, “but what I actually want is butter.” WOMAN: But of course it’s the Cowherds who have butter, and do they want our red cloak in exchange for it MAN: Not on your life. What they need is a beautiful kitchen stool…and who makes stools WOMAN: Mr. Carpenter. MAN: Ah. WOMAN: And does he want our beautiful red cloak in exchange for it MAN: Of course he doesn’t want our beautiful red…he does He does He really does want our beautiful red cloak in exchange for his rotten old stool…quick! WOMAN: So, by swapping our cloak for the stool, the stool for the butter, the butter for the salmon and the salmon for the eggs, we got what we wanted in the first place. MAN: What a hassle for just a few eggs! Whoops! Oh, oh…more hassle. WOMAN: I know. I’m worn out. Sometimes you spend most of the day just finding out who wants what. It’s such a waste of… 30
MAN: …time and energy which we ought to be spending on making the clothes we need, to exchange for food. WOMAN: There must be a better system. MAN: There must. WOMAN: Yeah…but, but what You remember last winter, when everybody was short of corn MAN: Hmm… WOMAN: Well, if you had corn you could swap it for anything. You never had to go round and round, from one person to another, collecting things you didn’t want, to swap for other things you didn’t want, till you finally got the things you did want. You just swapped everything for corn. You could even keep it till next week or next month, if nobody had what you wanted that market day. MAN: That’s all very well. You didn’t have to lug those things to market and back when you couldn’t swap them, and when harvest time came…you could hardly give the stuff away. WOMAN: Hey…but, but wait a minute! But suppose there’s something someone always wanted! Suppose there’s something we could use like we used corn last winter. Something like water, for example MAN: (Spits out water) WOMAN: What MAN: But they’ve got as much as they want of it…and if they haven’t- all they’ve got to do is drop a bucket into the river. It’s theirs for the taking. WOMAN: Hmmm…strawberries MAN: They go bad after a couple of days. WOMAN: So, it’s got to be something everybody wants, and nobody ever has enough of. It mustn’t be too heavy… and it mustn’t ever go bad. MAN: There ain’t no such thing, my dear. WOMAN: Yes, there is! MAN: What WOMAN: These! (Giggles) MAN: The colored stones I sometimes find by the river! WOMAN: Yes, everybody wants them for rings and bracelets and necklaces, and there aren’t too many around. 31
Page 1 and 2: TRANSCRIPT 2002 Filmore Avenue Erie
Page 3 and 4: MAN: And everybody seems to be depe
Page 5 and 6: MAN: Don’t worry. It’s bound to
Page 7 and 8: Division of Labor 1: Product MAN: U
Page 9 and 10: WOMAN: The Tailors. MAN: Right! WOM
Page 11 and 12: Division of Labor 2: Process MAN: G
Page 13 and 14: MAN: He says a trader is somebody w
Page 15 and 16: TRADER: Oh, champion. WOMAN: There
Page 17 and 18: WOMAN: And we even managed to put s
Page 19 and 20: WOMAN: It adds up to a surplus. The
Page 21 and 22: MAN: Yes, and as a result: eight fa
Page 23 and 24: MAN: And for all but a few thousand
Page 25 and 26: WOMAN: And they spent all those eve
Page 27 and 28: MAN: Remember that first day The Fi
Page 29: Money MAN: It worked very well at f
Page 33 and 34: MAN: To stop that, they specially m
Page 35 and 36: MAN: Trouble was they were just lik
Page 37 and 38: MAN: And there we were at the end o
Page 39 and 40: Supply, Demand and Price 2. Price a
Page 41 and 42: WOMAN: Yet, the surprising thing wa
Page 43 and 44: MAN: The higher the price offered,
Page 45 and 46: MAN: But would you believe it They
Page 47 and 48: everything. And we saw how hardship

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