Monday, March 9, 2015

Drew Hanson, chapter 6, question 7

This chapter made me think about Ford Schroeder. Ford doesn't really have anything to do with Econ or human capital but he really likes the movie Good Will Hunting and that's a lot like this chapter. In the beginning of this film, Will Hunting (represented in an outstanding performance by a young, dashing Matt Damon) is just a mild mannered janitor who drinks beer and hits balls in the batting cage with his friends. Will seems like all the other high school dropouts and delinquents from his rough and tumble neighborhood in the south of boston referred to by natives as "southie". However, Will has a something that neither his crew nor any other resident of southie nor anyone else in the world has: a massive stockpile of human capital in the form of genius. Because all this human capital is so scarce, basically the whole movie is people getting pissed at him about not using any of it and trying to help him fix his emotional detachment. It works and he falls in love with this really hot girl that he derives a lot of utility from and embraces his human capital. The end of the movie is him driving away from a job he was set up with in just a beat up old car heading across the country to meet up with his girl. The point is that he could afford to leave everything and do a lot of other special things others weren't able to throuought the movie because even if he doesn't have anything but an old junker and a sweet haircut, "Human capital is the sum total of skills embodied within an individual" and he had a lot of skills. Overall great movie. I give it 4.5 stars out of 5. 

Stay in school kids, you'll get to do stuff other people can't.

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