Microeconomics

Microeconomics appears in Naval Ravikant — The Angel Philosopher as one of the disciplines Naval Ravikant holds to be fundamental: “you can’t succeed in business or modern capitalist society without a strong grasp of supply and demand, labor vs. capital, and game theory.” He sets it against Macroeconomics, which he dismisses as junk science.

Context: Microeconomics is the branch of economics that studies the behavior of individual agents — households, firms, markets — and how supply, demand, and incentives set prices and allocate resources.

Where this appears

• Naval Ravikant — The Angel Philosopher — held up (with Game Theory) as fundamental to business and capitalism, the counterweight to “junk” Macroeconomics.