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Synopsis: Charles Wheelan - Naked Economics
Dec 4, 2003, 10:45p - Book Notes, - Economics
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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