# Describe Economic Reasoning Summary::Applying logic to economic questions. # Notes # Links --- # References # Describe Economic Reasoning Start with [Economic Assumptions]. Markets consist of complex adaptive systems. Having a foundation in ***Systems Thinking*** facilitates the understanding of these systems. ## Reasoning Because it deals with living, human, systems, (which are self-referencing and self-organizing) economics cannot rely on repeatable empirical experiments. It must use extremely sound reasoning. I will address important aspects of that reasoning in this section of the **Fundamentals**. ### Fundamentals Outline Basic premises upon which to base economic theory. ## GUIDING IDEAS The foundation of economic reasoning consists of Guiding Ideas. The links below will take you to pages that will explain these ideas more fully. --- ## Economic Reasoning [Biden's Broken Window](obsidian://open?vault=The%20Journal&file=Publications%2FBiden's%20Broken%20Window) [Diversity, Equity, and Inclusion](obsidian://open?vault=Substack&file=Published%20Content%2FDiversity%2C%20Equity%2C%20and%20Inclusion) [Economic Principles](obsidian://open?vault=Substack&file=Published%20Content%2FEconomic%20Principles) [Economics of Abstraction](obsidian://open?vault=Substack&file=Published%20Content%2FEconomics%20of%20Abstraction) [[economic efficiency]]