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Topic: Economic choice

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	Economics - Wikipedia, the free encyclopedia
		Economics is said to be normative when it recommends one choice over another, or when a subjective value judgment is made.
		Conversely, economics is said to be positive when it tries to objectively predict and explain consequences of choices, given a set of assumptions and/or a set of observations.
		Economics, which focuses on measurable variables, is broadly divided into two main branches: microeconomics, which deals with individual agents, such as households and businesses, and macroeconomics, which considers the economy as a whole, in which case it considers aggregate supply and demand for money, capital and commodities.
	en.wikipedia.org /wiki/Economics (4621 words)

	Economic choice -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-08)
		The economic choice model is central in many (additional info and facts about economic) economic paradigms such as the classical, neoclassical and modern paradigms.
		The economic choice model is also central in economics in distinguishing between economic factors and non-economic factors.
		In a way, the economic choice model allows for economists to consider a "definable" number of terms in economic decision making as oppose to the infinite possibilities that could affect economic agents in their decision making.
	www.absoluteastronomy.com /encyclopedia/e/ec/economic_choice.htm (227 words)

	Rational choice theory - Wikipedia, the free encyclopedia
		Rational choice theory is a way of looking at deliberations between a number of potential courses of action, in which "rationality" of one form or another is used either to decide which course of action would be the best to take, or to predict which course of action actually will be taken.
		The technical meaning in economics is about preferences: preferences are defined to be rational if they are complete and transitive.
		One question that can be asked is why people try to base their models on concepts such as "reason", "preferences", and what is implied by them, free will.
	en.wikipedia.org /wiki/Economic_choice (432 words)

	Economics and Economic Justice
		Normative economics itself may be partly guilty for this state of affairs, in view of its repeated failure to provide conclusive results and its long-lasting focus on impossibility theorems (see § 4.1).
		Normative economics uses the formal apparatus of economics, which gives powerful means to derive non-intuitive conclusions from simple arguments, although it also deprives the analyst of the possibility of exploring issues that are hard to formalize.
		Welfare economics is the traditional generic label of normative economics, but, in spite of substantial variations between authors, it now tends to be associated with a particular subcontinent of this domain, maybe as a result of the development of "non-welfarist" approaches and of approaches with a broader scope, such as the theory of social choice.
	plato.stanford.edu /entries/economic-justice (11442 words)

	Social Studies Learning Goals in Economics
		Here are social studies learning goals in economics for K-6 expressed in terms that are appropriate for presentation at the designated grade level.
		Choice- What someone must make when faced with two or more alternative uses for a resource, also called an economic choice.
		At this point, you may continue on in this document for economic concepts for the intermediate grades, or go to the summary table of economics concepts or to the evidence of learning for primary grades.
	ecedweb.unomaha.edu /K6goals.htm (1116 words)

	[No title]
		Economic Thinking and Economic Choice Economics and its importance for environmental sciences and policy Economics is a science which studies human behaviour as a relationship between ends and scarce means, which have alternative uses.
		Economics is important for environmental sciences because it provides knowledge of how humans use environmental resources; Economics is also important for environmental policy because it gives an understanding of means to influence human activities, which have (positive or negative) environmental effects.
		Present value of an economic gain/loss in the future is its equivalent value at present.
	www.personal.ceu.hu /departs/envsci/online/2001-02/econom1.doc (1792 words)

	Ronald Coase's Method
		Coase acknowledges that 'existing economic theory...embodies the logic of choice and is of wide applicability….' His project is to 'employ this economic theory to examine the role which the firm, the market, and the law play in the working of the economic system' (ibid., p.
		He began with an individual who faced a choice of where to allow her factor to be employed in a model of zero transactions costs.
		He does not define economics by referring to a method but to its subject matter, favoring Lionel Robbins's definition of economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses" (Coase 1978: 201).
	www.gunning.cafeprogressive.com /subjecti/workpape/coasmeth.htm (5962 words)

	APS Observer - The Rich Science of Economic Choice
		The science of economic choice seems to be at a critical juncture.
		One hallmark feature of economic choice is what is known as the endowment effect — people's inclination to inflate the value of items that they already own.
		Economic models of utility predict that happiness is a direct function of monetary gain.
	www.psychologicalscience.org /observer/getArticle.cfm?id=1758 (3229 words)

	Public Choice Society
		The next Public Choice Society Meeting will be held at the InterContinental Hotel in New Orleans, March 30 – April 2, 2006, the same venue as last year's meeting (registration beginning on Thursday and concluding with the last plenary session Sunday morning).
		Several people were nominated, and five have agreed to be candidates in this election, which will be conducted under approval voting, whereby voters can vote for as many candidates as they wish.
		In order to compile a list of eligible voters, we are asking everyone to become a member of the Public Choice Society for the coming year by paying a nominal fee of $30 ($15 for students).
	www.pubchoicesoc.org (284 words)

	Economic choice (Site not responding. Last check: 2007-10-08)
		Keynes on the "Nature of Economic Thinking": The Principle of Non-Neutrality of Choice and the Principle of Non-Neutrali...
		concludes that in classical economics choice is an empty decision, nothing...
		The democratic choice of Kazakhstan: a case study in economic liberalization, intraelite cleavage, and political opposit...
	hallencyclopedia.com /Economic_choice (486 words)

	HEI -- Business and Economic Choice Glossary
		In economic equations, a total amount of money that flows continuously and uniformly during each period for a specified number of periods.
		Capital asset case: The recovery of the capital cost of an asset by means of periodic charges to operations.
		Engineering economics case: The repayment of capital for a project plus the return on capital while the capital is being used by the project, expressed as a uniform annual amount.
	www.hei.ca /eglossary1.html (377 words)

	Read about Economic choice at WorldVillage Encyclopedia. Research Economic choice and learn about Economic choice here! (Site not responding. Last check: 2007-10-08)
		Research Economic choice and learn about Economic choice here!
		The economic choice model is central in many
		economic paradigms such as the classical, neoclassical and modern paradigms.
	encyclopedia.worldvillage.com /s/b/Economic_choice (249 words)

	Human Rational Behavior and Economic Rationality
		The rational choice approach then explicitly applies this conception to all rational and human behavior that is thus construed as ipso facto economic rationality.
		The basic assumption of the economic approach to human behavior or instrumental rational choice theory that actors are rational utility maximizers in their economic as well as social behavior--i.e., in all of their behavioral capacities (Buchanan 1991:29-36)--can be treated as deprived of real content or ontological meaning.
		In contrast, both thin and thick sociological rational choice theories treat economic ends as being of a first-order in relation to the non-economic ones as being of a second-order, and thus evince a high degree of economic reductionism.
	www.sociology.org /content/vol7.2/02_zafirovski.html (11781 words)

	Introduction to Public Choice Theory (Site not responding. Last check: 2007-10-08)
		At the heart of all public choice theories then is the notion that an official at any level, be they in the public or private sector, "acts at least partly in his own self- interest, and some officials are motivated solely by their own self-interest." (Downs, Anthony Inside Bureaucracy (Boston: Little, Brown and Company, 1967)).
		For Downs, broader motivations such as pride in performance, loyalty to a programme, department or government, and a wish to best serve their fellow citizens may also affect a bureaucrat's behaviour, and the level to which self-interest plays a role in decisions is different for each of five bureaucratic personality types that he identifies.
		Public Choice has much to say about the use of rent-seeking, which is the act of obtaining special treatment by the government at the expense of the rest of us.
	www.magnolia.net /~leonf/sd/pub-choice.html (2310 words)

	Economic Education Lessons
		After discussing the concept of comparative advantage, students in small groups engage in a simulation on the economic costs and benefits of trade.
		Class discussion and small group task identifying six economics functions of government and examples of these functions using current events.
		Students learn about various types of trade restrictions and their effects by applying a model to determine who will benefit and who will be hurt by a tariff.
	ecedweb.unomaha.edu /lessons/lessons.cfm (982 words)

	US Department of State Dispatch: Individual choice and economic growth - President Bush's remarks to the International ...
		Rather, the key to economic growth is setting individuals free - free to take risks, free to make choices, free to use their initiative and their abilities in the marketplace.
		Matched by the rejuvenation of markets, the ability to make individual ecomic choices is the fastest, most effective way to achieve and sustain broad-based economic growth.
		While world attention has rightly focused on those countries closest to the situation and bearing the heaviest economic burden, I can tell you that the rest of the world is certainly not forgotten and never will be.
	www.findarticles.com /p/articles/mi_m1584/is_n5_v1/ai_9086428 (1527 words)

	HEI -- Business and Economic Choice Glossary of Terms (Site not responding. Last check: 2007-10-08)
		We prepared this glossary of terms and acronyms to give people access to the knowledge relating to making sound economic business decisions, necessary to help keep up with our rapidly evolving and dynamic global industrialized society.
		We believe that organizations can make better decisions using these powerful tools, especially after the legacy of the dartboard economic decisions of the dot-com era.
		Where legally binding definitions and terms are required, you are advised to purchase the applicable international standards' body publication and/or obtain permission from the copyright or trademark holder.
	www.heiconsulting.com /eglossary.html (300 words)

	North Dakota Economic Development and Finance
		In conjunction with a host of public and private partners, the Economic Development and Finance Division is prepared to assist you in your business development endeavors.
		We want to demonstrate that North Dakota truly is “where it’s @” as you search for a location to start or expand your business.
		The Economic Development & Finance Division stands ready to assist you in a detailed investigation of our state’s business advantages.
	www.growingnd.com (483 words)

	Lawrence Lessig (Site not responding. Last check: 2007-10-08)
		An encyclopedia is a good, in the economic sense—that is, it’s something that people are willing to pay for.
		some people love ivory tower proselytizing about economic costs of distribution, blah, blah, blah, but the fact of the matter is that these seem to be far more operational imperatives than grand statements of social or economic principle.
		This is a greater good (in terms of social or economic value, or of moral coherency) than providing a subset of universal knowledge to a few, however worthy that goal may have been in the past.
	lessig.org /blog/archives/003068.shtml (4107 words)

	Economizer: The Economic Choice (Site not responding. Last check: 2007-10-08)
		Economizer brand automation equipment allows you to close your process loop with cost-effective sprue removal robots.
		Economizer offers new equipment at used equipment prices.
		When you're looking for economy processing equipment, make the economic choice.
	www.theeconomizer.com (101 words)

	SSRN-Publications and Documents That Reference 'Using Matching, Instrumental Variables and Control Functions to ... (Site not responding. Last check: 2007-10-08)
		Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models
		JAMES J. University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
		James J. Heckman and Salvador Navarro-Lozano (2003) Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models, IZA Discussion Paper No. 768
	papers.ssrn.com /sol3/RefPointingTo.cfm?abid=403961 (2094 words)

	Buchanan: Collected Works, Cost and Choice: An Inquiry in Economic Theory: Library of Economics and Liberty (Site not responding. Last check: 2007-10-08)
		Buchanan: Collected Works, Cost and Choice: An Inquiry in Economic Theory: Library of Economics and Liberty
		If you see this message, note that you can remove the frames in books and essays by selecting the No Frames button.
		The side-frame holds a table of contents for the book.
	www.econlib.org /library/Buchanan/buchCv6Contents.html (48 words)

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