Economics as Provisioning

This is the name of a course I would like to develop.  The course is economics with an emphasis on provisioning as a social problem.

The structure of opportunity individuals face is a prime mover in determining the level of provisioning they are able to achieve.  Markets, for example, provide a structure of opportunity allowing individuals to purchase a certain quantity of goods and services.  Individual’s incomes, ability to borrow, and opportunity to draw down wealth in connection with market prices determine provisioning levels.

The “market system” is one system for organizing society which results in particular provisioning outcomes.  But the market system evolves as societies choose different rule structures for organizing economic activity.  These rules are institutions.

2 Responses

  1. Since I see you also teach ECO 102, you might be interested in the textbooks (by Goodwin et al., M.E. Sharpe) described in the above link. In them, economics is defined as the study of “how society organizes itself to provide for the survival and flourishing of life.”

  2. Since I see you also teach ECO 102, you might be interested in the textbooks (by Goodwin et al., M.E. Sharpe) described in the link below. In them, economics is defined as the study of “how society organizes itself to provide for the survival and flourishing of life.”
    http://www.ase.tufts.edu/gdae/publications/textbooks/index.html

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