Economics is the study of how to get the most out of lifeLooks like a good a definition as you are likely to get.
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:
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2 comments:
With that definition I would say everyone is an economist - of course that is what I generally say anyway :)
If they aren't, they should be.
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