The last public service associated with Ben Franklin that I wanted to discuss is education, which is of course linked with research and libraries (discussed earlier ( Read more... )

So. We've been talking about agents (consumers, nations) making choices from sets of possibilities, in order to achieve some aim. And we've talked about those possibility sets being derived from some kind of currently-fixed budget of funds or time, or from current productive capacity ( Read more... )

The most fundamental thing about how economists talk and think about choice is the notion that agents choose from a set of possibilities, with the aim of furthering some particular objective ( Read more... )