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Is economic theory simply absurd? Read about what these people have to say. Let us start off with Ariel Rubinstein: A good economic model can have an enormous influence on the real world by influencing culture. Well, what do you think?
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Summary: http://trailfire.com/StarTime/trailview/41078
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Is economic theory simply absurd? Read about what these people have to say. Let us start off with Ariel Rubinstein: A good economic model can have an enormous influence on the real world by influencing culture. Well, what do you think?
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Today economics is one of the subjects taught at Universities and Colleges. It has gained a separate existence over the years. Several social problems can be traced to economic issues. Issues like poverty and unemployment. But has this curricula been updated?
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Are you aware of the theory of macroeconomics? Consumer demand theory is an important part of microeconomics. Here is a discussion on total and marginal theory. Different shapes of demand curve can be explained by the concept of marginal utility.
