Robinson Crusoe economy
id:
robinson-crusoe-economy-306-1505028
title:
Robinson Crusoe economy
text:
A Robinson Crusoe economy is a simple framework used to study some fundamental issues in economics. It assumes an economy with one consumer, one producer and two goods. The title "Robinson Crusoe" is a reference to the 1719 novel of the same name authored by Daniel Defoe. As a thought experiment in economics, many international trade economists have found this simplified and idealized version of the story important due to its ability to simplify the complexities of the real world. The implicit a
brand slug:
wiki
category slug:
encyclopedia
description:
Economy with one consumer, one producer, and two goods
original url:
https://en.wikipedia.org/wiki/Robinson_Crusoe_economy
date created:
date modified:
2023-12-01T00:36:55Z
main entity:
{"identifier":"Q7353000","url":"https://www.wikidata.org/entity/Q7353000"}
image:
fields total:
13
integrity:
14