Tag: opportunity cost

The notion of value is one of the aspects of economic thinking that gets a lot of discussion and is often misunderstood. How is it derived? Who determines...

Economists use some terminology that seems unfamiliar and often scares people away from wanting to learn more. I’ve experienced this most in the classroom, having to deal with...

We’ve talked broadly about economics and how an economic way of thinking can help us navigate a fallen world. Economics is the study of individual choice under scarcity....

Last week we talked about our fallen-ness and the implications that has for our lives on earth. Economics helps us understand how to flourish in spite of our...

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