"To defend the truth, to articulate it with humility and conviction, and to bear witness to it in life are therefore exacting and indispensable forms of charity."

H. H. Benedict XVI. Caritas in Veritate Encyclical. June 29, 2009

Saturday, December 18, 2010

Exogenous versus endogenous

By definition, an agent cannot plan a shift of either his supply or his demand function for any good.

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