Think Like an Economist: Marginal Vs. Total Thinking
Lynne Kiesling I will apologize in advance to Sturt for the fact that I am going to use his comment on my recent Australian wine post to illustrate a crucially important point about economic logic: It’s overstating it to suggest that the Australian winegrape industry exists purely because of subsidies. Winegrapes are an ag commodity … More Think Like an Economist: Marginal Vs. Total Thinking … More Think Like an Economist: Marginal Vs. Total Thinking