At first sight, superheroes and economics seem to occupy completely different dimensions – but a clash of dimensions is a classic comic book storyline! In this first-of-its kind book, an economist and a business writer assemble an A-team of academic talent to explore the intersection of superhero mythology and economic theory in ten accessible chapters.
Superheroes and Economics uncovers basic economic truths that are integral to the comic stories from some of the genres most famous names. The authors of the chapters look at ways that economic principles can add authenticity to imagined universes, and how familiar superhero stories can demonstrate concepts used by economists to forecast the behavior of markets and individuals. If Spider-Man is so smart, why isn’t he rich? What are the economic implications of a tech entrepreneur like Tony Stark actually inventing Iron Man armor? What does the 80-year career of Wonder Woman tell us about the evolving role of women in the workplace?
This unique book extends the scope of comics studies to encompass social sciences. It offers a great way to introduce both fans and students to topics like opportunity cost, growth, inflation, and cost benefit analysis, as well as more advanced concepts like moral hazard, utility functions and economic growth. This text can be used to supplement economics courses using colorful examples that any pop culture fan can relate to.
1. Introduction: What do the comics say about economics?
2. Spiderman: The Poor Superhero – Patrick Holt
3. Iron Man, the Entrepreneurial Superhero – Deborah Kozdras
4. The Incredible (But Unpredictable) Hulk: Decision-Making under Uncertainty - Amanda Mandzik
5. Truth, Justice and the Communist Way? – How Institutions Can Change Economies and Superman – Brian O’Roark
6. Economic Realism in the Work of Alan Moore – Rob Salkowitz
7. Does Batman Face Scarcity? – Clair Smith
8. The Political Economy of Black Panther’s Wakanda – Bob Subrick
9. From Weakling to Superhero: The Economics of Captain America - John Robinson and William C. Wood