Stanford for you read the economics to zero you 36

How economists think

Economics of public policy recommendations, mostly only introductory courses at the University level.

Economists are generally not pleasant Companion. Elite Stanford University Health Economist (Note: refers to the concepts and methods of Economics to medical services and related policies), Victor. Fox (Victor Fuchs) always says, "some people talk in his sleep, economists are talking when others are sleeping. 」

Even know the master of Economics, so why do we need to study economics? Economic issues are the core of many important things in our lives, not just for work and income, also include health, education, retirement and the position of countries in the global economy in the future. If you're in daily communication involves economic issues (happening around you all the time), often needs to have "enough". Maybe you already know it's not easy when you are welcome to talk about minimum wage or national health insurance, budget deficits, some frivolous chimed in: "principles of Economics say is......" and repeating like a skipped stitches. In my experience, people showing off the "economic principles" is likely to only 50% right; but if you don't know anything about economics or knowledge, it cannot be refuted, only nod or shrug. As the United Kingdom women economists Joan. Robin Hood (Joan Robinson) said, economics is that "in order to avoid being fooled by economists. 」

Really need to know much economics, you will dare to participate in social or professional talk? Say your jump: Herbert. Stan (Herbert Stein) with United States as the economists of the Government in a variety of positions for nearly 50 years, he said: "the economics of public policy recommendations, mostly only introductory courses at the University level. "In an age of cynicism, perhaps that is not surprising, but the point is, you don't have to have a Harvard or Stanford University tenure, is still available in most daily hold economic discussions, and you just need to understand the thinking of economists is enough.

We first start with 3 basic problems of Economics:

• What community should produce?

L how to produce?

L who is going to consume the production of things?

This 3 questions each economic system and even the basis of every community, whether capitalist, Socialist or Communist, or low income, middle income or higher income societies. When looking for a possible answer to the question, to think along a spectrum is helpful. At one end of the spectrum is the Government's control: Government agencies decide what to produce, how and who is going to consume. At the other end of the spectrum, you can imagine a society, be a personal decision that all answers to 3 questions. Of course, in the real world, only a handful of society is in between these two extremes.