Re: Required economics classes?
I have been conducting quite a few business negotiations, and I think the chapters about Pareto-optimality made me a much better negotiator than an average person. When you have a counterpart that also understands the same, reaching an agreement is much easier than between two people who don't understand this principle (both waste time trying to "win" the negotiations, which is basically impossible).
This reduces transaction cost and thus indirectly increase GDP.
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