On Economics as a World View*

Bingyuan Hsiung
Additional contact information
Bingyuan Hsiung: Professor, Department of Economics, National Taiwan University, Taipei, Taiwan; E-mail address: hsiung@ntu.edu.tw

Journal of Interdisciplinary Economics, 2006, vol. 17, issue 4, 425-443

Abstract: Stigler (1965) argued that economists can provide policy-makers with sound policy recommendations, so that the efficiency of resource utilization can be improved. But a more fundamental way to improve the efficiency of resource utilization is to enable the general public to think like an economist . To achieve this aim, however, the way of thinking as implied by economics must be identified first; this paper discusses the particular perspective of economics. The idea of a spectrum is used to discuss various ways of defining economics. Then, it is argued that the concept of cost and a benchmark constitute a basic perspective of economics, or the economic world view. Finally, practical steps to relate this world view to the general public are suggested. JEL classification: All, A20, B20, B41.

Keywords: cost; choice; world view; economics; Coase (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

Downloads: (external link)
http://jie.sagepub.com/content/17/4/425.abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:jinter:v:17:y:2006:i:4:p:425-443

Access Statistics for this article

More articles in Journal of Interdisciplinary Economics
Bibliographic data for series maintained by SAGE Publications ().