tag:blogger.com,1999:blog-5404820640426099135.post3948155173019749122..comments2023-10-31T00:46:35.316+13:00Comments on Anti-Dismal: What is "economics" in the most general sensePaul Walkerhttp://www.blogger.com/profile/13731003529546075700noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5404820640426099135.post-10662674998309923802009-04-01T09:23:00.000+13:002009-04-01T09:23:00.000+13:00Hi Paul,I think it is important to put in context ...Hi Paul,<BR/><BR/>I think it is important to put in context what my definition of economics was supposed to represent - it was supposed to denote the most general domain economics belongs in. As a result, it is very vague - as it attempts to capture all schools of economics.<BR/><BR/>Now the Robbins definition is a lot more narrow - that in economic science. That is closer to the definition I provide later in the post on "neo-classical economics".<BR/><BR/>Ultimately, there are holistic schools of economics out there - and when defining economics in the most general way these schools are not interested in incentives (no matter how much we disagree with that). The thing that holds us all together is the study of scarcity.Matt Nolanhttps://www.blogger.com/profile/05615455113796090765noreply@blogger.comtag:blogger.com,1999:blog-5404820640426099135.post-7210635814069549432009-03-30T19:02:00.000+13:002009-03-30T19:02:00.000+13:00Back when I took Econ 101 two decades ago, my prof...Back when I took Econ 101 two decades ago, my professor had all his students memorize the following definition:<BR/><BR/><I>"Economics is the study of how individuals and societies choose to use scarce resources in order to satisfy unlimited human wants."</I>Jameshttps://www.blogger.com/profile/15243567377599238583noreply@blogger.com