so, is there any type of mathematical model for this, for example, to describe optimal prices or to what conditions the game aproximates after a long time? if so where can i learn about it? or perhaps, that is not the point of the game?
See the importance. Then other economists grabbed A.S. work and made even more contributions, wich in turn later authors contributed more and thus the cycle went on until what we have now known as modern Economics. Lastly youd know by now that being prospective is quite hard even with great tools like econometrics
Mostly an introductory class. I just studied T. Mun and am currently reading Malthus for this History of the Economic Thought course. Adam Smith is highly subtitled as the father of Economics bc of his famous book. Remember that economists are mostly retrospective when making premises etc. And thats what A.S. did: he grabbed this key (economic) resource (book), studied it and made some interesting conclusions. This key book was the Englands Treasure by Foriegn Trade by T. Mun. .
so, is there any type of mathematical model for this, for example, to describe optimal prices or to what conditions the game aproximates after a long time? if so where can i learn about it? or perhaps, that is not the point of the game?
AquaFight 4 years ago
One of the best econ simulations to run in class for sure
coachjpark 5 years ago
wooot mofo
adillman 5 years ago
See the importance. Then other economists grabbed A.S. work and made even more contributions, wich in turn later authors contributed more and thus the cycle went on until what we have now known as modern Economics. Lastly youd know by now that being prospective is quite hard even with great tools like econometrics
maulberto3 5 years ago
Mostly an introductory class. I just studied T. Mun and am currently reading Malthus for this History of the Economic Thought course. Adam Smith is highly subtitled as the father of Economics bc of his famous book. Remember that economists are mostly retrospective when making premises etc. And thats what A.S. did: he grabbed this key (economic) resource (book), studied it and made some interesting conclusions. This key book was the Englands Treasure by Foriegn Trade by T. Mun. .
maulberto3 5 years ago