Economics in One Lesson in the 21st Century
Economics21stHow to understand economics through one simple lesson.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 101 | Founded | 3 years ago | Last Issue | 4 days ago |
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economics21st.comLatest Issues
Minecraft Economics (5)
As we’ve seen in this series, Minecraft illustrates the most fundamental part of economics — production and consumption — very well. These articles have concentrated on the “factors of production” i.e. what you need in order to produce thin...
Minecraft Economics (4)
As we’ve seen in this series, Minecraft illustrates some ideas from economics very nicely. We’ve looked at:
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Factors of production (land, labour, capital, entrepreneurship) and the limits of labour without capital,
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The huge incre...
Minecraft Economics (3)
In this series, we’re looking at how Minecraft actually does a pretty good job of illustrating some important real-world ideas about economics, such as:
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scarcity,
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production,
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consumption (both unproductive and reproductive),...
Minecraft Economics (2)
In the last article, we saw that it’s just about possible to survive indefinitely in Minecraft without creating any capital (that is, products which you use to make other products). But it’s a precarious existence. Unless you discover some...
Minecraft Economics (1)
In case you don’t know, Minecraft is a computer game made by a Swedish company, Mojang. As a player, you see a 3-D world (made of 1 metre cubes) from the perspective of a human character. You start with nothing but your clothes, and have to...
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Authors
The writers behind this newsletter.
Amateur economist (since Jan 2008), based in UK. Background in maths and software development, including OOAD (mathematical modelling of the real world).
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