Regardless of the theories they produced, every economist wanted to find out how to organize a society in the best way, economically and socially speaking.
The economists’ quest for this holy grail underlies their seemingly disparate approaches and theories. Yet their shared desire has led them to develop numerous similar ideas.
We can broadly divide economic theory into two categories: microeconomics and macroeconomics. Microeconomics focuses on individual markets and how changes in prices, supply and demand affect them.
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The Worldly Philosophers - Book Review (Economics)
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