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Economics , basics

February 15, 2008

That all voluntary trade is good. It is good for both sides. That prices convey information that is otherwise either impossible or too costly to get. That incentives matter because people are motivated by self-interest. That people have differing abilities and differing preferences; which is why trade is possible

macro:business cycles, interest rates, unemployment, inflation, gdp rates. etc.
A set of useful tools.
Reasoning economically.
How to study economics.
The Tathagata’s Sermon on Economics.

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