An Access Advertising EconBrief:
How to Save Thousands of Medical- Patient Lives Annually and Save Money, Too
The best-kept secret about economics is that its most famous practitioners are its least proficient. Most of what the general public knows about economics falls under the rubric of macroeconomics. That is another way of saying it is wrong, or at least wrong-headed. Meanwhile, microeconomics is the well-developed, solidly upholstered sibling of macroeconomics. It contains the body of general economic theory. It was born at least a couple centuries before macroeconomics had its modern unveiling. Today microeconomics lives a cloistered life behind ivy-covered walls, seduced from its cozy residence inside textbooks by the lectures of a select priesthood. Almost all the good done by economics in the world comes from microeconomics.
Microeconomics is often called price theory because its centerpiece is the theory of supply and demand that governs price determination. Prices are…
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Utopia, you are standing in it! 
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