I. BASICS What is economics?

Online Texts on economics 

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I prefer to define economics as a particular way of understanding behavior; what are commonly thought of as economic questions are simply questions for which this way of understanding behavior has proved particularly useful in the past:

economics is that way of understanding behavior that starts from the assumption that people have objectives and tend to choose the correct way to achieve them.


For  David Friedman's online text:















OK economics

Last update Tuesday, August 24, 2004

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