Basic Concepts

John Komlos

Chapter Chapter 1 in Principles of Economics for a Post-Meltdown World, 2016, pp 1-20 from Springer

Abstract: Abstract “Ours is a world of scarcity… A situation of scarcity is one in which goods are limited relative to desires” “Given unlimited wants…” (S&N p. 4). These assertions are influenced by the culture of the authors and certainly not one of the “truths” of economics that they claim to represent.

Keywords: York Time; Credit Card; Asymmetric Information; Demand Curve; Opportunistic Behavior (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-27828-5_1

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DOI: 10.1007/978-3-319-27828-5_1

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