The Old World, and the New
Economics as a Study, AND Economics as Behavior
How are we to study economics? … What are we to make
of the study of economics?
There are clearly two ways to look at it. In the first way, the system of economics is assumed. In other words, we could say, “existence is assumed.” We are not going to try and define our existence. Instead we simply assume that people do stuff. Some of what they do is economics. So, it is just something they do. There is an assumption that persons just…