http://doctorvee.co.uk/2006/08/03/not-just-about-money/ Not a real vee Mon, 23 Jan 2012 06:47:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://doctorvee.co.uk/2006/08/03/not-just-about-money/comment-page-1/#comment-14753 Simstim Fri, 04 Aug 2006 10:37:24 +0000 http://doctorvee.co.uk/2006/08/03/not-just-about-money/#comment-14753 Although it's interesting how economics hasn't really got its head around the problem of physical scarcity of resources (e.g. oil): as the price goes higher then we'll find some more of it or develop a suitable replacement. Although it’s interesting how economics hasn’t really got its head around the problem of physical scarcity of resources (e.g. oil): as the price goes higher then we’ll find some more of it or develop a suitable replacement.

]]> http://doctorvee.co.uk/2006/08/03/not-just-about-money/comment-page-1/#comment-14728 doctorvee Thu, 03 Aug 2006 23:49:17 +0000 http://doctorvee.co.uk/2006/08/03/not-just-about-money/#comment-14728 In my first economics lesson at school my teacher said that economics is all about the allocation of scarce resources -- which means that it could be about how you spend your time, but it couldn't be about how you use sand in the Sahara Desert. In my first economics lesson at school my teacher said that economics is all about the allocation of scarce resources — which means that it could be about how you spend your time, but it couldn’t be about how you use sand in the Sahara Desert.

]]> http://doctorvee.co.uk/2006/08/03/not-just-about-money/comment-page-1/#comment-14727 Simstim Thu, 03 Aug 2006 23:41:42 +0000 http://doctorvee.co.uk/2006/08/03/not-just-about-money/#comment-14727 Yeah, economics has been insistent that it's not been "just about money" since at least <a href="http://en.wikipedia.org/wiki/Lionel_Robbins">Robbins</a> in 1932 (who defined it as the study of scarcity). Yeah, economics has been insistent that it’s not been “just about money” since at least Robbins in 1932 (who defined it as the study of scarcity).

]]>