Economics, anchored in the classic and neoclassic micro-economics tradition, did not really know what to do with creativity.
The organic interwovenness of micro-economics and business economics implies that, along with everything else, business economics as a normal science shares the suppositions of (neo)classic micro-economic theory, including its deficiencies and weak points.
The standard micro-economic analysis mainly concentrates on the way the price mechanism coordinates the economic decisions in the market.
This textbook by Carbaugh (economics, Central Washington U.) is intended for use in one-term survey of macro- and micro-economics
courses for undergraduate students majoring in business, economics, and other disciplines.
'In a world of macro-economics, we seem to be clearly witnessing micro-economics
All aspects of the women's work in the respective trades, the micro-economics
of trade, the trade-specific problems, and issues of women have been described at length.
What it retains and builds on is the fundamental assumption of scarcity and hence competition - the basis of the choice theoretic approach that underlies micro-economics
. What it abandons is instrumental rationality - the assumption of neo-classical economics that has made it an institution-free theory.