Tuesday, May 19, 2015

John Quiggin — The most misleading definition in economics (draft excerpt from Economics in Two Lessons)

After a couple of preliminary posts, here goes with my first draft excerpt from my planned book on Economics in Two Lessons. They won’t be in any particular order, just tossed up for comment when I think I have something that might interest readers here. To remind you, the core idea of the book is that of discussing all of economic policy in terms of “opportunity cost”.
John Quiggin
The most misleading definition in economics (draft excerpt from Economics in Two Lessons)

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