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Alternative Organization


Consumer Choice

Self-Interest
Small Groups

Roger McCain's online textbook has an excellent discussion of the assumption of self-interest that is spread over three short pages:
http://william-king.www.drexel.edu/top/prin/txt/Neoch/Eco111t.html
http://william-king.www.drexel.edu/top/prin/txt/Neoch/Eco111t1.html
http://william-king.www.drexel.edu/top/prin/txt/Neoch/Eco111t2.html

Goals and Benefits
Utility Functions

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

Constraints and Costs

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

The Budget Line

This page from MIT lets you play with a budget line:
http://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:
http://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:
http://www.blurtit.com/q870945.html


 

Web

ingrimayne.com


These links were checked on May 27, 2007



Copyright Robert Schenk