1.3.4. Economic Good.

D.1. Economic Good: A good is an economic good only when defined as a component of the apparatus of the Given Data i.e. the set of social and technical conditions, and system of ends.

E.1. It is an economic good only when it is defined as a function of given set of means and ends. A fruit alone is not, thus, an economic good. But when considered in relation to all the givens that fruit becomes an economic good. An apple is not an economic good. But when I treat an apple in relation with other fruits, my preference for them in relation to my preference of others, their prices in relation to prices of all others, their prices in relation to my budget, etc apples are treated as an economic good, and their value considered as economic value.

Reference: Chapter 03 of Robbins, L. (2007). An essay on the nature and significance of economic science.

Brainstorming: What is Significance of Conceptual Hierarchies?

Brainstorming: What is Significance of Conceptual Hierarchies? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

Brainstorming: What is Economics?

Brainstorming: What is Economics? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

Brainstorming: What is Importance of Attention Direction?

Brainstorming: What is Importance of Attention Direction? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

Log Schemata

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