Talk:Opportunity cost/Archives/2013

See also links deleted
An anon user deleted several "See also" items. I undid their edit and SPECIFICO undid my edit. Here are the items that have been deleted...


 * Demonstrated preference
 * Dispersed knowledge
 * Have one's cake and eat it too
 * Parable of the broken window
 * There Ain't No Such Thing As A Free Lunch

Does anybody else not see their relevance to opportunity cost? Also, SPECIFICO, I'm still awaiting your reply here... Talk:Government_waste. --Xerographica (talk) 08:43, 21 February 2013 (UTC)


 * Actually, I would (and probably well) restore the last two, and might consider Have one's cake and eat it too, but the other two are at best indirectly related; referring the "opportuity cost" of obtaining information. I think you'd need to write a (sourced) section on opportunity costs of researching information, which is not really present anywhere on Wikipedia. — Arthur Rubin  (talk) 11:08, 21 February 2013 (UTC)

Bastiat
The essay by Bastiat is great to read, but is what he describes there opportunity cost? The issue as he describes it is not that Mr. Goodfellow, as he parts with his six francs to have the glazier replace the broken window pane, forgoes a pair of new shoes, which would be the opportunity cost for Mr. Goodfellow. Rather, it is that while the glazier is put to work, the shoe industry misses out on six francs' worth of encouragement, so that in the whole this is no aid to the economy. And the point he aims to make with the whole story is that Mr. Goodfellow, and thereby society as a whole, got poorer by the unfortunate destruction of the window pane. --Lambiam 19:42, 9 April 2013 (UTC)

What does this mean?
"Opportunity cost is expressed may be terms of anything which is of value." Can someone who is understood this may be explanation of anything which is of meaning? Please note that "value" is a can of worms. --Lambiam 02:22, 10 April 2013 (UTC)

Relevance
I don't see how this section is relevant; "In these circumstances, when one investment is assumed to be as good as any, opportunity cost is a less useful concept." The assumption that "one investment is as good as any" is far-fetched, to say the least. I am tempted to delete this part. — Preceding unsigned comment added by 46.239.203.18 (talk) 22:08, 11 May 2013 (UTC)