Economic thinking and economic behavior: features of the relationship

The problem of explaining the prerequisites for the economic behavior of people is that their actions act only as translators of their thoughts, and in order to correctly understand this “translation”, it is necessary to master both the “language” of actions and the “language” of thoughts. To do this, you need to find out: are […]

Economic behavior of the individual: types and methods of realization

When we talk about other people, we say: “she is very cautious in her behavior” or “he has been behaving unreasonably risky lately,” or “if she continues to behave as persistently, she will undoubtedly succeed.” What are the basis for such estimates? After all, we are often unaware of what really drives a person in […]

Representatives of the neoclassical school

Following A. Smith and K. Marx, the mechanisms of market competition were considered by representatives of the neoclassical school. Unlike their predecessors, they argued that the value of goods is created not in the process of production, but in the market, where individual estimates of the value of goods by individual sellers and individual buyers […]