Alternatives and Supplements: Fun on the Internet
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Consumer Choice

Goals and Benefits

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

Utility Functions

Arnold Kling explains the economic concept of utility in his on-line book:
arnoldkling.com/econ/markets/consumer.html

Constraints and Costs

The notion of cost is essential to economics:
www.econlib.org/LIBRARY/Enc/OpportunityCost.html

The Budget Line

This page from MIT lets you play with a budget line:
plaza.mit.edu/econ/index.php?id=15

The Best Option
The Maximization Principle

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 Equimarginal Principle

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