| Revision as of 15:54, 8 August 2002 editEnchanter (talk | contribs)Extended confirmed users5,189 edits Archiving lots of older talk← Previous edit | Revision as of 03:33, 29 July 2003 edit undoSocrates99 (talk | contribs)6 edits == Why insert the notion of scarcity? ==Next edit → | ||
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| Replaced scarcity, not because it isn't in the textbooks, but because "choices under scarcity" is just a verbose defintition of "trade". I vote for clarity. | Replaced scarcity, not because it isn't in the textbooks, but because "choices under scarcity" is just a verbose defintition of "trade". I vote for clarity. | ||
| :I think the point of economics is to create those verbose definitions. It's not just "choice under scarcity" but also the NATURE of choice, the NATURE of scarcity. The Fundamentals section is good but has to make this clearer, and come up front. | :I think the point of economics is to create those verbose definitions. It's not just "choice under scarcity" but also the NATURE of choice, the NATURE of scarcity. The Fundamentals section is good but has to make this clearer, and come up front. | ||
| == Why insert the notion of scarcity? == | |||
| Why not the allocation of resources, period? Whether they're 'scarce' or not isn't really relevant and too often a matter of opinion. There are plenty of doctors in the US, for example, but their distribution is hardly optimal. It's economic, however. | |||
Revision as of 03:33, 29 July 2003
Old talk has been archived to Talk:Economics/Old talk
Someone wrote a bad review of economics section at kuro5hin:
http://www.kuro5hin.org/comments/2001/9/24/43858/2479/4#4
This comment could help the section to improve?
Some topics I think would be worthwhile (off the top of my head):
Game theory (linking to John Nash etc), pareto optimality, exchange rate theory (pegged, float, dirty-float), Bretton Woods, Neo-Keynesian school, Milton Friedman, the Austrian School, utility theory, revealed preference, cardinality and ordinality, simple supply and demand, oligopoloy / monopoly theory and competition, contestability, sunk costs, interest rates, money supply, the concept of a market, Walras and the concept of the auction, the business cycle, random walks, determinism and predictablity in economics (linking to chaos theory), financial markets, and theories of regulation and taxation.
Off the top of my head though - I might come back to do some of them if I've got the time. Haven't really thought about most of this stuff for a few years now ...
C
Replaced scarcity, not because it isn't in the textbooks, but because "choices under scarcity" is just a verbose defintition of "trade". I vote for clarity.
- I think the point of economics is to create those verbose definitions. It's not just "choice under scarcity" but also the NATURE of choice, the NATURE of scarcity. The Fundamentals section is good but has to make this clearer, and come up front.
Why insert the notion of scarcity?
Why not the allocation of resources, period? Whether they're 'scarce' or not isn't really relevant and too often a matter of opinion. There are plenty of doctors in the US, for example, but their distribution is hardly optimal. It's economic, however.