Economic Way of Thinking The 11th Editio....pdf

Economic Way of Thinking The 11th Editio....pdf

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1、CHAPTER1Microeconomics,AWayofThinkingaboutBusinessIneconomicsinparticular,educationseemstobelargelyamatterofunlearningand“disteaching”ratherthanconstructiveaction.Aonc-famousAmericanhumoristobservedthat“it’snotignorancethatdoessomuchdamage;it’sknowin’sodarnmuchth

2、atain’tso.”...Itseemsthatthehardestthingstolearnandtoteacharethingsthateveryonealreadyknows.FrankH.KnightrankKnightwasawiseprofessor.ThroughlongyearsofteachingherealizedthatFstudents,eventhoseinadvancedbusinessprograms,beginningastudyofeconomics,nomatterthelevel,

3、faceadifficulttask.Theymustlearnmanythingsinarigorousmannerthat,onreflectionandwithexperience,amounttocommonsense.Todothat,however,theymustsetaside—or“unlearn”—manypre-conceivednotionsoftheeconomyandofthecourseitself.Theproblemof“unlearning”canbeespeciallyacutefo

4、rMBAstudentswhoarereturningtoauniversityafteryearsofexperienceinindustry.Peopleinbusinessrightfullyfocustheirattentionontheimmediatedemandsoftheirjobsandevaluatetheirfirms’successesandfailureswithreferencetoproductionschedulesandaccountingstatements,aperspectivet

5、hatstandsinstarkcontrasttotheperspectivedevelopedinaneconomicsclass.Asallgoodteachersmustdo,weintendtochallengeyouinthiscoursetorethinkyourviewsontheeconomyandthewayfirmsoperate.Wewillaskyoutodevelopnewmethodsofanalysis,maintainingallthewhilethatthereis,indeed,an

6、“economicwayofthinking”thatdeservesmastering.Wewillalsoaskyoutoreconsider,inlightofthenewmethodsofthinking,oldpolicyissues,bothinsideandoutsidethefirm,aboutwhichyoumayhavefixedviews.Thesetaskswillnotalwaysbeeasyforyou,butweareconvincedthattherewardsfromthestudyah

7、eadaresubstantial.Thegreatestrewardmaybethatthiscourseofstudywillhelpyoutobetterunderstandthewaythebusinessworldworksandhowbusinessesmightbemademoreefficientandprofitable.Muchofwhatthiscourseisaboutis,oddlyenough,crystallizedinastoryofwhathappenedinaprisoner-of-w

8、arcamp.TheEmergenceofaMarketEconomicsystemsspringfrompeople’sdrivetoimprovetheirwelfare.R.A.Radford,anAmericansoldierwhowascapturedandimprisonedduringtheSecond

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