Caveman Economics

Caveman Economics is a way of looking at complex economic concepts by taking them down to the simplest possible level--the solitary caveman on a deserted island. Below is a list of the posts in this series.

• Part I explores the first principle of economics--that work is the basis of all economics, because work is required for survival, or the satisfaction of wants and needs.
• Part II looks at energy and time as being requirements for work, and also parameters that place a cost on work.
• Part III goes into the more commonly-known economic concept of wants and needs.
• Part IV (coming soon) explains the concept of the Economic Problem.