Microeconomics
Individual Choice in Communities
Ranked #38 in Microeconomics
The neoclassical vision of economies characterized by rational, self-interested individuals interacting in perfectly competitive markets can have, especially for students with little or no prior study of economics, an appealing simplicity and certainty: the result is perfectly efficient, each gets what he or she deserves, and any outside interference can only be for the worse. It’s liable even to make critical-minded students start to believe that this really is the “best of all possible worlds,” and that attempts to improve it are misguided at best.
Microeconomics: Individual... more
Microeconomics: Individual... more
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