Alternatives and Supplements: Fun on the Internet

Maximizing Profits Profit Economist Lester Thurow writes about profit for The Concise Encyclopedia of Economics: www.econlib.org/library/Enc/Profits.html Profit, Prinicipals, and Agents One of the reasons that firms might not actually maximize profit is something called the principal-agent problem, which is explained in this piece from a publication from India: www.blonnet.com/iw/2003/12/14/stories/2003121400061100.htm Survival Searching for Total Cost (I have not yet found an appropriate entry for these topic.) Profit-Maximizing Output Arnold Kling explains profit maximization in his class notes: arnoldkling.com/econ/markets/producer.html Profit-Maximizing Input Roger McCain, author of the on-line economics textbook Essential Principles of Economics: A Hypermedia Text, explains the profit-maximizing amount of labor: faculty.lebow.drexel.edu/McCainR//top/prin/txt/MPCh/firm7b.htm Profit in Real Firms Here is an entry from a popular economics blog there is. It raises more questions than it answers. www.marginalrevolution.com/marginalrevolution/2007/03/does_marginal_c.html Application of the Theory Sweatshops conditions appall many people in rich countries, but should sweatshops be abolished? Economists say that you need to consider the alternatives before you answer that question. Opportunity costs should not be ignored. www.slate.com/id/1918/ www.econlib.org/library/Columns/y2008/Powellsweatshops.html These links were checked on July 5, 2008. Copyright Robert Schenk Why is this page here?