{"id":25165,"date":"2023-07-23T21:40:03","date_gmt":"2023-07-23T21:40:03","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/can-all-economic-problems-be-understood-as-dealing-with-scarcity-i-e-with-how-to-use-existing-resources-to-satisfy-alternative-needs-discuss-by-drawing-on-the-fundamental-paradigms-in-economics\/"},"modified":"2023-07-23T21:40:03","modified_gmt":"2023-07-23T21:40:03","slug":"can-all-economic-problems-be-understood-as-dealing-with-scarcity-i-e-with-how-to-use-existing-resources-to-satisfy-alternative-needs-discuss-by-drawing-on-the-fundamental-paradigms-in-economics","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/can-all-economic-problems-be-understood-as-dealing-with-scarcity-i-e-with-how-to-use-existing-resources-to-satisfy-alternative-needs-discuss-by-drawing-on-the-fundamental-paradigms-in-economics\/","title":{"rendered":"Can all economic problems be understood as dealing with scarcity, i.e. with how to use existing resources to satisfy alternative needs? Discuss by drawing on the fundamental paradigms in economics."},"content":{"rendered":"
The 2 competing paradigms are exchange vs production <\/div>\n

use these paradigms and reference them <\/p>\n

<\/div>\n
\n
    \n
  1. The production paradigm – <\/font><\/span> Classical
    \nPolitical Economy<\/font><\/span><\/p>\n
    \u2022<\/span><\/span>Adam
    \nSmith and David Ricardo <\/span><\/font><\/div>\n<\/li>\n
  2. exchange paradigm – L<\/span>\u00e9on<\/span> <\/span>Walras\u2019s<\/span> theory of <\/span>general equilibrium<\/span><\/font><\/li>\n<\/ol>\n

    <\/font><\/div>\n<\/div>\n
    must not be plagiarised <\/u><\/b><\/font><\/div>\n","protected":false},"excerpt":{"rendered":"

    The 2 competing paradigms are exchange vs production  use these paradigms and reference them  The production paradigm –  Classical Political Economy \u2022Adam Smith and David Ricardo  exchange paradigm – L\u00e9on Walras\u2019s theory of general equilibrium must not be plagiarised <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25165"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=25165"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/25165\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=25165"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=25165"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=25165"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=25165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}