The study of economics should be clearly divided into its factual, quantifiable aspects (more commonly referred to as “econometrics”) distinct from the more philosophical and abstract study (generally known as ‘normative economics’). This is becoming increasingly important as the world has become ever more interdependent. The global financial crisis attests to this.
The argument in the [...]
:: Saturday, March 20, 2010
On the face of it, it seems very unfair: prices in the inner-city, where people have the least money to spend, are typically higher than in middle-class suburban areas in the same state. Is this an example of corporate exploitation of the poor, or is there another explanation?
<p>Dr. Walter Block, an Austrian economist, wrote about [...]
Subscribe
Blogs RSS feeds [What's this?]Get Our Blogs in Your Inbox
Categories
Latest Posts
Blogroll
Calendar
Copyright © 2009 Citizen Economists. All rights reserved.
