The Basics of Capitalism

Leslie is hoping to obtain a piece of land for free so she can turn it into a park. Ron taunts Leslie about her $0 bid for the land because typically people expect money in exchange for goods and services. This can be a good illustration of the medium of exchange function of money, but can also lead to a deeper discussion of externalities.

Growth in Pawnee

Leslie tries obtaining a large parcel of local land to build a park in honor of the history of Pawnee. When the group arrives at JJ’s Diner, they learn that the diner will be shutting down because of a new owner. Leslie discusses the growth that Pawnee has been experiencing, but laments the loss of some of Pawnee’s charm.

Newport National Park

Leslie tries to convince Jessica Newport to donate the Newport land to the national Park Service by reminding her that the Newport name has not always been associated with positive things. For instance when their hot fudge pipe exploded and the hot fudge flowed into the lake making the fish taste delicious. Negative externality or positive externality, you be the judge.

Leslie Will Never Retire

The Newports have decided to sell a large parcel of land and Leslie believes this is the opportunity of a lifetime where she can make a name for herself. She briefly considers the option of retiring, but then explains that she wants to work until she is a hundred and then cut back to 4 days a week. This is a fun clip to illustrate labor force participation decisions and different preferences.

European Socialism

Leslie is upset after a recent speech she gave in London, but Ron is there to help. Ron invites Leslie outside for a pep talk so she can get some fresh air. As a staunch libertarian, Ron isn’t too fond of the foul stench of European Socialism. Ron is not a big fan of his trip to London and has trouble adjusting to the differences between the two countries.