Talk:10 Principles of Economics

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Is this science?[edit]

This is just one opinion by an influential economist, upon which there is no agreement. It does not necessarily represent anything about the actual world, and this page should be edited for being biased towards one view. By presenting it as ten principles, it conveys completeness, solid truth, and precision that can not be guaranteed.

Equity vs. Equality[edit]

Equity is not the same as equality. See http://everydayfeminism.com/2014/09/equality-is-not-enough/ for a good explanation of this. In particular, the image at http://1.bp.blogspot.com/-dviWv6lIB_Q/VGwjUk5KQeI/AAAAAAAABI0/BRrxWVzl1Ds/s1600/equity%5B1%5D.jpg illustrates the difference. In this resource, the discussion is about equity rather than equality. -- Dave Braunschweig (discusscontribs) 14:19, 30 March 2017 (UTC)

Acknowledge behaviour economics[edit]

These 10 principles are from a classical view of economics. More recently behavioral economics has demonstrated that many of these assumptions are false. These more modern, realistic, and comprehensive findings should be acknowledged in this article.