Economics for the general reader

John Quiggin has another draft excerpt from his work in progress, Economics in Two Lessons. He invites comments and critiques from his readers, and certainly does receive them.

Economics in Two Lessons (draft excerpt)

One comment on the origin and authorship of the term ‘opportunity cost’ would prompt curiosity; and curiosity, research to find out that Friedrich von Wieser did first use it, as Quiggin states, not in a book, but in an early paper, where he set out the ‘alternative/opportunity cost’ concept. DI Green would come later, in 1894, in the downloadable paper at JSTOR.


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