August 14, 2007

The Top Economic Concepts

Greg Mankiw lists his "Top Three Economic Concepts". Mark Steckbeck offers his. As does Craig Newmark.

All of their concepts are appropriate. For me, the idea of voluntary trade being a positive-sum transaction (and not a winner-loser transaction) is tops for me. Once you accept that, I believe your whole economic world view changes for the better.

Posted at Andrew Roth at 9:34 AM | TrackBack

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