This blog contains posts and comments written by students in Dr. Tufte's economics classes at Southern Utah University.
6/30/2004
Short and long dog run.
I recently purchased a new puppy. A pure bred Jack Russell Terrier (like the dog on the Mask, or Wishbone). Many people ask me how much did he cost? Well the hard truth is about 500 dollars (not including leash, food, color, bed, and other odds and ends). "How could you spend that much on a dog?" they always seem to ask. But the fact is he has economic benefits out the freaking wazoo. For starters he is predictable. His temperament and personality were practical bred into him. When you pick a dog up from the pound who knows what your going to get. And then along with a puppy you get all the utility (lets call him a utility of 800). But is housebreaking a puppy and constantly having to buy food worth the utility? Well when he gets to the right age he has come from a prestiges enough background that I can "stud" him out for anywhere from 50-200 bucks a pop. And that usually comes with my personal pick of the litter to sell or give away or keep. 3 or 4 of those jobs and I got the little guy payed off. So don't look at my dog as a cute little money pit. Because one day I'm going to be rich, and Howie is going to have a lot of fun getting me there.
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4 comments:
Some people might have ethical or more issues with this situation. This is one of the cons of property rights. Property rights help ensure that things get taken care of, but it does not guarantee that people will use what they own in a way that everyone agrees with.
From a personal perspective, we bought pure-bred dogs this time around, and they have been money pits. The breeding in of certain desirable traits also leads to inbreeding and associated diseases. We have two pure-breds of the same breed, and the one with more highly sought after features has consistently had higher vet bills. She also would never have generated any breeding fees because she has genes that produce life threatening conditions in offspring.
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Dr. Tufte said:
"Some people might have ethical or more issues with this situation. This is one of the cons of property rights. Property rights help ensure that things get taken care of, but it does not guarantee that people will use what they own in a way that everyone agrees with."
I personally think it's a little strange to prostitute your dogs. But it's legal, and there's a demand for pure-bred dogs. So I say, "To each his own."
Me too - I like that phrase - "prostitute your own dogs".
I guess it actually should be "pimp your dog".
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