In our everyday lives, we want many different goods, which we need as necessities, for satisfaction, or even just for showing off.
We may want many things, but we have only limited resources – money – to exchange with goods. It is the heart of modern Economics – scarcity and decision making-.
Continue reading “[Thought] Price and Labor”
The types of Markets.
The following notes are the basic concepts in the mainstream (Capitalistic, neo-classical) Economics.
Continue reading “[Study Note] Economics – Market Structures”
Microeconomics (small economics) is about the decision-making behavior of individuals or firms regarding how to allocate scarce resources and their interactions.
Continue reading “[Study Notes] Microeconomics – Demand and Supply”
Basic concepts of Economics; What is it?
Continue reading “[Study Note] Economics”
- Title: Capitalism and Freedom
- Author: Milton Friedman
- Published: 2002
- Publisher: University of Chicago Press
- ISBN: 0-226-26421-1
“Capitalism and Freedom” is Friedman’s most influential book of neoliberalism. The central theme of this book is to argue how to maximize freedom through the free market and a small government.
Continue reading “[Milton Friedman] Capitalism and Freedom”