answersLogoWhite

0

the relevance of logic to economics is fairly negligible and only applies so far. For example the word value is extremely subjective and merely represents how much someone is willing to pay for something not an absolute value which is why banks asses loans on 50% of what your putting up

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What is the relevance of logic in civil engineering?

The use of logic in civil engineering


Why is micro economics used in business decision making?

economics relevance to business organisation


What are the relevance of political science to statistics and logic?

The relevance of political science to statistics and logic is that it helps politicians use the statistics collected to think logically about what their subjects need.


Managerial Economics as a specialized branch of Economics?

Provide logic and methodology to find solutions to business problems


What is the relevance of microeconomics in economics analysis?

is the branch of economics that study the economic behaviour of small individual decision making unit in an economy.


What is the relevance of studying logic as an economics student?

I would say not much. Economics are based on human decisions. And humans are inherently irrational beings. I remember of an experiment conducted, where a cat competed against economologists in choosing stocks portfolio for investing. The cat simply pressed the mouse of the computer randomly. At the end, the cat defeated the experts!


Which is easier sociology or economics?

In my opinion, sociology, since it involves less mathematics, statistics, and formal logic theory.


What does an economic anthropologist?

Economic anthropologists are studying economics, with an emphasis on human economic behavior. It relates to its human, historic , geographic and cultural relevance.


What has the author RobertM Fisher written?

RobertM Fisher has written: 'The logic of economic discovery' -- subject(s): Methodology, Economics


What are Relevance of economics as criminology student?

The types of crimes and offenses that are likely to be found or committed in, among, and by, some economic demographic groups as opposed to others.


What has the author Jan Dejnozka written?

Jan Dejnozka has written: 'Bertrand Russell on modality and logical relevance' -- subject(s): Logic, Modern, Modern Logic 'The ontology of the anayltic tradition and its origins' -- subject(s): Ontology, Analysis (Philosophy)


What has the author William Stanley Jevons written?

William Stanley Jevons has written: 'The Papers and Correspondence of William Stanley Jevons Vol. 5' 'Elementary lessons in logic' -- subject(s): Logic 'Writings on Economics Volume 4' 'Methods Of Social Reform And Other Papers (1883)' 'A serious fall in the value of gold ascertained, and its social effects set forth' 'Elementary Lessons in Logic: Deductive and Inductive. With Copious Questions ..' -- subject(s): Accessible book 'The State in Relation to Labour' 'Methods of Social Reform and Other Papers' 'Logic' -- subject(s): Accessible book 'Money and the mechanism of exchange' -- subject(s): Money, Exchange 'The substitution of similars' -- subject(s): Reason, Logic 'Elementary lessons in logic: deductive and inductive, with copious questions and examples and a vocabulary of logical terms' -- subject(s): Logic 'The principles of economics' -- subject(s): Taxation, Economics, Finance and taxation 'Studies in Deductive Logic' 'Biography and personal journal' -- subject(s): Correspondence, Economists 'Letters and journals of W.S.J' 'Geld und Geldverkohr' 'Political economy' -- subject(s): Economics 'Elementary Lessons In Logic' 'Writings on Economics Volume 8' 'Pure Logic and Other Minor Works' 'The state in relation to labour' -- subject(s): Labor laws and legislation 'Pure logic; or, The logic of quality apart from quantity, with remarks on Boole's system and on the relation of logic and mathematics' 'The theory of political economy' -- subject(s): Accessible book 'Methods of social reform' 'Methods of social reform and other papers' -- subject(s): Social problems 'On the movement of microscopic particles suspended in liquids' -- subject(s): Brownian movements 'Studies in deductive logic' -- subject(s): Logic 'Writings on Economics Volume 5' 'The theory of political economy' 'Papers and correspondence of William Stanley Jevons' -- subject(s): Correspondence, Economics, Economists 'Elementary Lessons in Logic: With Copious Questions and Examples, and a Vocabulary of Logical Terms' -- subject(s): Accessible book 'Elementary Lessons in Logic' -- subject(s): Accessible book 'Elementary Lessons in Logic: Deductive and Inductive: With Copious Questions and Examples, and a ..' -- subject(s): Accessible book 'Letters & journal of W. Stanley Jevons' 'The State In Relation To Labour' 'Elementary Lessons in Logic' 'The substitution of similars, the true principle of reasoning, derived from a modification of ..'