Synopsis: Charles Wheelan - Naked Economics
Dec 4, 2003, 10:45p
Charles Wheelan - Naked Economics
* Free international trade can improve the standard of living of the trading countries
* Assumption #1: Individuals act to make themselves as well off as possible. However, maximizing utility is not the same as living selfishly
* Assumption #2: Firms attempt to maximize profits
* Concern for the environment is a luxury good
* ... more »
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Anonymous
- Dec 12, 2007, 1:58p
thx
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