Allocation .. of scarce resources.

Our attempts at managing these systems are fragmented and simplistic, and not up to the challenges that we face today.

But a resource that would be scarce is something like food, or water, or money, or time, or labor.

RBE Resource Based Economy A Resource Based Economy, is based on pure logic.

It is the ultimate scarce resource, the one planet that we share.

Microeconomics .. and those actors could be firms, could be people, it could be households.

And macro economics is probably more guilty of it.

The first is how to take the resources out of the ground the economic processes, taking the resources out of the ground and putting assets on top of the ground.

Economic games. So what we do is we go into two areas.

Nowhere else in the world has community adopted conservation at this scale.

Econometrics package

Von Mises, interestingly, believes economics is just a subset of psychology.

The topics range from math

So what we have learned from social scientists and economists like Elinor Ostrom, who are studying the phenomenon of management of the commons on a local scale, is that there are certain prerequisites that you can put into place that enable you to manage and access open space for the good of one and all.

a latticework on which to hang your ideas.

The country's economy has developed making use of its rich national resources.

Economics is the study of economic mechanisms.

Because that's what will stop economic growth.

The bottom of the pyramid is benefiting hugely from technology.

What about religion, poverty, economics...?

He studied economics at college.

We can see that we can take this equation and it can apply to things in economics, or it can apply to things in finance or it can apply to things in computer science or logic or electrical engineering or anything accounting

It's taking profits from one place and allocating them into the protection of ecological resources.

COuld lead to more wealth, more, a larger pie for everyone.

We have this view of ourselves, of others.

But this does not apply the other way around.

Westerners own two thirds of its wealth.

Here's another one.

My employer an economist.

Here's a guy you all need to study.

So this is exactly what I did.

He is a great authority on economics.

He is a great authority on economics.

Instead, what we saw is a lot of people who cheat a little bit.

Regardless of the outcome, the pure act of anticipation makes us happy.

And they see a 20 bill.

And we call that M1.

Great.

Whatever it is, whatever this new economy is, what we need the economy to do, in fact, is to put investment back into the heart of the model, to re conceive investment.

So even from an economic standpoint, if we leave the social and the humanitarian, we need to save lives now.

The laws of nature are written in the language of calculus.

What I would like to see is idealism decoupled from all constraints.

Well there's a couple of ways to do it.

And you hear the words scarce resources a lot when people talk about economics.

I major in economics.