When you study a subject for so long, whether it is mathematics, physics, economics, psychology, you tend to lose tract with the reality you see every day. Among many pieces of works of Frederic Bastiat, this piece of work is so brilliant that I can say it allows people who are new to economics to understand the principle of economics firmly.
Economists today use the expression Opportunity Cost to express...
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Showing posts with label Frederic Bastiat. Show all posts
Showing posts with label Frederic Bastiat. Show all posts
Monday, March 30, 2015
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