Browsing by Subject "Definition of economics"
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TWO CONCEPTIONS OF ECONOMICS
(Journal of Applied Economics-Leading Paper-Vol.XIV,N°2, November 2011:181-197., 2011)As Ronald Coase points out there are two kinds of conceptions of economics: first, the conception that emphasizes the study of specific kinds of human activities; and second, the conception that makes economics the study ... -
Two Conceptions of Economics and Maximization
(Cambridge Journal of Economics 2013, 37, 759–774 doi:10.1093/cje/bes076, 2011)Economics has evolved from a ‘domain-focused’ conception, i.e. the study of specific kinds of human activities, to a ‘scarcity-based’ conception, i.e. the study of a particular approach to all human choices. It thus enlarged ...