Consumer Choice
Economists do not worry about where our wants and desires
come from. Some people think advertising is important. Here
is a fun review of a fun book about advertising:
findarticles.com/p/articles/mi_m1571/is_n12_v12/ai_18134552
This review in The Wall Street Journal also raises
questions of where our wants come from:
online.wsj.com/article/SB121495573549321235.html?mod=opinion_journal_books
Arnold Kling explains the economic concept of utility in
his on-line book:
arnoldkling.com/econ/markets/consumer.html
The notion of cost is essential to economics:
www.econlib.org/LIBRARY/Enc/OpportunityCost.html
This page from MIT lets you play with a budget line:
plaza.mit.edu/econ/index.php?id=15
One of my favorite authors, Steven Rhoads, explains why
the marginal way of looking at problems is important:
www.econlib.org/LIBRARY/Enc/Marginalism.html
The blurtit.com website seems to allow people to post
questions, which others then answer. I have not found
anything else that they have on economics, but they did have
a short explanation of the equimarginal principle:
www.blurtit.com/q870945.html
These links were checked on July 5, 2008.
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Copyright
Robert Schenk
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