Новости за 06.01.2025

Modeling Homer’s World

An economic approach to Homer’s Odyssey1 is most definitely not about “what Homer really meant.” Instead, the economic approach views Homer through a lens that Homer himself probably never entertained, namely a series of relatively simple models about preferences and constraints. The economic approach is thus a distortion, but perhaps a useful or interesting distortion. It is taking the richness of ideas, presentation, and narrative in Homer and remixing it. For all the complexity lost... Читать дальше...

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Böhm-Bawerk shows us that the study of human action and the economy in general goes beyond the simple paradigm of the financial and monetary world. Economics is built into all human experience.