Anthony Downs

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Title: Anthony Downs

Essay Details:

Subject: Miscellaneous

Author: Mary T

Date: June 3, 2013

Level: University

Grade: B

Length: 4 / 1070

Essay text:

Economic analyses consists of two major steps i. Discovery of the ends a decision-maker is pursuing ii. Analyses of which means of attaining them are most reasonable (least input of scarce resources.) c. Economic definition solely refers to a man who moves toward his goals in a way which, to the best of his knowledge, uses the least possible scarce resources per unit of valued output. i. Example: Monk seeks to attain peace with God, he must clear his mind of logical thought. ii. Perfect economic definition, but would be considered irrational by non-economic definitions. d. A Rational man is one who behaves as follows: i...

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