The ABCs of economics

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The entire economic theory is based on the postulate that changes in incentives affect human behavior in a predictable way.

We choose the way of action that promises us more benefits and fewer costs.

This is - the fundamental principle of economic theory, but it operates in other spheres of life. Incentives influence our behavior almost everywhere, whether it be business, housekeeping, or political decisions. For example, the policy people tend to support the candidates and the measures that promise them personal benefits, and fight against those who may wish to cause them harm.

Additional information

Author: R.Stroup, D.Gvartni
Format: RTF
Size: 1.07 MB
Quality: Very good
Russian Language
Year: 1996


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