An economic analogy from Texas Tech

March 31, 2009 by Taylor Marshall  
Filed under Culture

This is an interesting analogy.  It says a lot about our country’s future if we stay on this same path……

An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. The class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, “OK, we will have an experiment in this class on socialism.”

All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.  After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy.  But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too; so they studied little.  The second test average was a D!  No one was happy.  When the 3rd test rolled around the average was an F.

The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else.  All failed to their great surprise and the professor told them that socialism would ultimately fail because trying harder to succeed for the greater the reward works, but when a government takes all the reward away, no one will try or succeed, and everyone fails.

(I wonder if academia would today allow experimentation like this and award the class average.)

Source unknown.

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Comments

5 Responses to “An economic analogy from Texas Tech”

  1. Patty on April 5th, 2009 6:00 pm

    This story is made up, bogus, not true. It is pathetic that right wingers are resorting to fabricated stories in order to support their agenda. They are trying to create an atmosphere of fear and panic regarding Pres. Obama’s economic policies and ignore the fact that Bush and his republican controlled congress ran spent our country into the ground from 2001 to 2007. Intelligent Americans are not buying this fear mongering. Only uneducated sheep are.

  2. Matthew on April 6th, 2009 5:44 pm

    Actually the story is a parable. Educated children learn about them from Sunday school class. Only uneducated sheep bleat on and on complaining because they want to create a herd-mentality climate and suppress independent, rational thought. Eighth graders who memorize their economics understand the principles of the Tragedy of Commons.

  3. Ron on April 7th, 2009 2:35 pm

    I’ve researched it, and haven’t been able to prove, nor disprove the story. I agree with Matthew, the story is most probably a parable, but why does it specifically refer to Texas Tech instead of saying, “A professor at a university…”?

  4. Chuck on April 16th, 2009 10:48 pm

    Patty, I think you may be right about the factual base of the story. Once again you show how emotion and ignorance are a driving force of liberal thought patterns & agendas. There is nothing mentioned about Bush or Obama. It’s a sociological conclusion based on the experience of human nature. I’m a republican, who voted for Obama, sitting here smiling at how you can’t see the principle of the rewarding effort instead of lowering the standard to the lowest common denominator. Let go of the anger and try to hold on to your rational.

  5. Chris on April 17th, 2009 5:22 pm

    it’s definitely a parable, and while probably a story that started being passed around starting with “at a university”, a Texas Tech student or graduate changed it to Tech for school recognition. the same as how a lot of these things start off and people from states with pride claim them and say a man from Georgia rather than just a man.

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