What is Robinson Crusoe Economy?
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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.
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Robinson Crusoe is a bourgeois Puritan, but on his island his preoccupations — labor, raw materials, the processes of production, colonialism (and implicit Imperialism), shrewdness, self-discipline, and profit — are (oddly enough, at first glance) those of the proto-capitalist.
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