(snip)
Steve further explains: The notion of opportunity cost is that by
making a decision you have "lost" out on the other opportunities that
were open to you at the time of making a decision. It is not connected
to political mud slinging.
Bissell here: In other words *every time* you make an economic decision
there is an opportunity cost? That's why I said it was tautological.
> you
> chose to spend the money on, the opportunity to spent it on something
> else is lost. It is a tautology, but it sounds reasonable.
Steve continues: No, I'd say it is more along the lines of stating the
obvious, or giving a name to something obvious that doesn't have a name.
A tautology would be:
Either it will rain tomorrow or it will not rain tomorrow.
Bissell here; No a tautology would be "It will rain this morning unless
it rains." A tautology is a statement (incidentally tautologies can be
musical or graphic) which adds nothing to the meaning or understanding
of the issue.
Sb
Even errors must be respected
when they are more than
two thousand years old.
Sangharakshita
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