Understanding Economics: 1 - Asking the Four (Right) Questions

submitted by CurationPro on 09/11/20 1

We survey a long list of economic problems, and identify four basic questions that a course in political economy must address: 1. Why is there poverty, amid progress? 2. Why are there Boom/Bust cycles? 3. Must society trade between efficiency and equity? 4. Must society trade between prosperity and environmental sustainability?

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