Game theory was the first theory of economics proposed by mathematician John Nash in the 1950s. Why do people like to speak in a loud voice at the party? Why are infant and child safety seats only available in cars and not on airplanes? Why does prohibiting cigarette dealers from advertising on TV help cigarette dealers? After reading "Principles of Microeconomics", I suddenly found that many social phenomena can be explained by the models in economics. Natural science studies how nature "makes decisions", while economics studies how humans "make decisions." In my opinion, to judge whether research is "scientific", it should be based on its research method rather than the research object. Representative works: "Economic Principles", "Macroeconomics", etc.Įconomics is essentially a science that studies how people make choices under scarce conditions and how these choices affect society. At 29, he became one of the youngest tenured professors in Harvard history. ![]() Gregory Mankiw was born in Ukraine in 1958 and later emigrated to the United States with his family. ![]() It is a "Bachelor of Economics introductory textbook". " Principles of Microeconomics " first published in 1998. The cost of something is what we have to give up to get it. 024-Principles of Microeconomics-Gregory Mankiw-Economics-1991
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