First, there are many relevant economic concepts throughout the song “Money”. The first verse of the song says, “Get a good job with more pay and you’re ok, money, it’s a gas, grab that cash with both hands and make a stash, new car, caviar, four star daydream, think I’ll buy me a football team.” This first verse focuses on the excesses of money, consumerism and peoples desire to grab and horde as much cash or wealth as possible. Consumerism is an economic concept that has to do with the belief that it is good for people to spend a lot of money on goods and services. The majority of people do seem to spend beyond their limits in an attempt to look higher on the socioeconomic scale. Also...
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...a recession and
unemployment. Money was at a premium now where as before, everyone was enjoying widespread wealth. The song talks about how money means everything to people and when times get rough the true evil in everyone comes out as they try to get the wealth they once enjoyed. The last line in the song says, “But if you ask for a raise its no surprise that they’re giving non away.” This is showing that when people are in need of money or help financially others with money are less willing to help because of greed.
Altogether, the song “Money” by Pink Floyd applies many economic principles correctly such as, luxury goods, inelastic demand and money being a negative externality. The song uses a bit of satire to make poke at the idea of money being the controlling power in this world. Sadly, even today this idea is prevalent and still holds to be true.
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