The Economic way of thinking
The tribute by Douglass C. North (a Nobel Prize Winner in Economics Sciences, 1993) in the opening of this book drew my attention to it. Within a mere 405 pages, which is considered moderate by the standard of economics books, the authors have successfully arranged the building blocks of economi...
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| Format: | Article |
| Language: | English |
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The International Islamic University Malaysia
2015
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| Online Access: | http://ir.unimas.my/id/eprint/18667/ http://ir.unimas.my/id/eprint/18667/13/THE%20ECONOMIC%20WAY%20OF%20THINKING%20%28abstract%29.pdf |
| _version_ | 1848838561998045184 |
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| author | Shafinah Begum, Abdul Rahim |
| author_facet | Shafinah Begum, Abdul Rahim |
| author_sort | Shafinah Begum, Abdul Rahim |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | The tribute by Douglass C. North (a Nobel Prize Winner in
Economics Sciences, 1993) in the opening of this book drew my
attention to it. Within a mere 405 pages, which is considered
moderate by the standard of economics books, the authors have
successfully arranged the building blocks of economics in a nutshell. The content is cleverly divided into 16 chapters, beginning with the basic feature of economic theory as all social phenomena emerging from actions and interactions of individuals who are choosing in respect to expected benefits and costs to themselves. Discussions revolve around the emphasis on indivdual choices, economizing process and the pro- market preference, concluding that although facts can be observed, it takes a theory to explain the causes. |
| first_indexed | 2025-11-15T06:57:31Z |
| format | Article |
| id | unimas-18667 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:57:31Z |
| publishDate | 2015 |
| publisher | The International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-186672017-11-20T03:41:37Z http://ir.unimas.my/id/eprint/18667/ The Economic way of thinking Shafinah Begum, Abdul Rahim HB Economic Theory The tribute by Douglass C. North (a Nobel Prize Winner in Economics Sciences, 1993) in the opening of this book drew my attention to it. Within a mere 405 pages, which is considered moderate by the standard of economics books, the authors have successfully arranged the building blocks of economics in a nutshell. The content is cleverly divided into 16 chapters, beginning with the basic feature of economic theory as all social phenomena emerging from actions and interactions of individuals who are choosing in respect to expected benefits and costs to themselves. Discussions revolve around the emphasis on indivdual choices, economizing process and the pro- market preference, concluding that although facts can be observed, it takes a theory to explain the causes. The International Islamic University Malaysia 2015 Article PeerReviewed text en http://ir.unimas.my/id/eprint/18667/13/THE%20ECONOMIC%20WAY%20OF%20THINKING%20%28abstract%29.pdf Shafinah Begum, Abdul Rahim (2015) The Economic way of thinking. International Journal of Economics, Management and Accounting, 23 (1). pp. 1-3. ISSN 2462-1420 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/295 |
| spellingShingle | HB Economic Theory Shafinah Begum, Abdul Rahim The Economic way of thinking |
| title | The Economic way of thinking |
| title_full | The Economic way of thinking |
| title_fullStr | The Economic way of thinking |
| title_full_unstemmed | The Economic way of thinking |
| title_short | The Economic way of thinking |
| title_sort | economic way of thinking |
| topic | HB Economic Theory |
| url | http://ir.unimas.my/id/eprint/18667/ http://ir.unimas.my/id/eprint/18667/ http://ir.unimas.my/id/eprint/18667/13/THE%20ECONOMIC%20WAY%20OF%20THINKING%20%28abstract%29.pdf |