A blog on all things to do with economics and related subjects
Thursday, 28 May 2009
Defintion of economics
Matt Nolan over at TVHE has posted a number of times on the definition of economics, see for example here and here. Well the following is the quote that Tyler Cowen and Alex Tabarrok will use as the epigraph in their new textbook:
Economics is the study of how to get the most out of life
Looks like a good a definition as you are likely to get.