Timeline for What is economics?
Current License: CC BY-SA 4.0
6 events
| when toggle format | what | by | license | comment | |
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| Jul 13, 2018 at 20:07 | comment | added | Dave Harris | Actually, there is no conflict between the definition and macroeconomics. Macroeconomics is just the aggregation of individual behaviors to look at system effects. | |
| Jul 13, 2018 at 18:49 | comment | added | Maarten Punt | @AdamBailey well I guess that is part of the reason why micro and macro disagree, wether the sum of society is more than the addition of its parts. Anyway, I'd argue that macro is still about the outcome of choices independent of whether these outcomes can be recovered from single choises or not. Moreover the questions for macro (growth, business cycles) are also often about choice with limited resources, although often government choices rather then consumer choices. | |
| Jul 13, 2018 at 12:26 | comment | added | Adam Bailey | If economics is the study of choice when choices are limited, that seems to limit it to microeconomics and to exclude macroeconomics, or at least, that part of macroeconomics that isn't based on micro-foundations. | |
| Jul 13, 2018 at 6:03 | comment | added | EconBoy | And economics provide the study as the social solution tools such as environment, crime, addiction and etc. with all the research economists are some kind of good genius man that can estimate almost everything but partially correct about it because it is the science of tendency and that choice those alternative they provide are not satisfied because it is the proper choice, not a right choice. so what is it benefit if the choice is good to choose at that moment but not the right one? | |
| Jul 13, 2018 at 5:55 | comment | added | EconBoy | So a summary of what you have typed is economics is the study of choices. with that what it the use of choice? what is it for? why do we need to study it? with that rationality, we assume that the reveal preference is rationally a correct choice by the consumer. Therefore is it mean they never chose the wrong choice? | |
| Jul 13, 2018 at 5:51 | history | answered | Dave Harris | CC BY-SA 4.0 |