First Principles

Martin Kolmar ()
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Martin Kolmar: University of St. Gallen

Chapter 1 in Principles of Microeconomics, 2017, pp 3-23 from Springer

Abstract: Abstract This chapter covers … enough philosophy of science to be able to have a qualified opinion about the status and scientific role of economic theories. the basic paradigm of economics: to understand the functioning of societies as an adaption to the underlying principle of scarcity. why economics considers itself a methodology, and not a field of application. why the opposite of positive is no longer negative but normative. the relevance of opportunity costs. how to think and make decisions like an economist.

Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-57589-6_1

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DOI: 10.1007/978-3-319-57589-6_1

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