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Something has clicked

Something has just clicked in my head and economics has suddenly become fascinating.

So much of it revolves around this central question: is it possible to maximize the interests of a group while still preserving the rights of the individual?

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intralimina
Apr. 10th, 2006 05:38 pm (UTC)

I thought for most of my life that I was bored and confused by economics, but I few years ago I realized that economics is fascinating, and I just didn't know what economics really is.

Have you looked at The Tragedy of the Commons yet? It is the classic example of the question you post, and has been analyzed in a variety of different ways, some of which you may find entertaining.

thiebes
Apr. 10th, 2006 06:01 pm (UTC)
Tragedy of the Commons is one classic example. Another is the Prisoner's Dilemma, which is sort of the inverse of the same problem. The TotC is a social trap, and PD is a social fence.

I wonder if either of you have had a chance to read my series, "The Fraternal Dilemma"? I think you both might enjoy it:

Part 1
Part 2
Part 3
Part 4

To be continued...

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