Irritable means easy to irritate or bother.. If you have irritable skin, you get a rash from just about anything. An irritable person is not easy-going and often not very easy to be around. You might feel like you're walking on eggshells, or being extra careful not to upset your brother when he's in an irritable mood.
The economic problem. All societies face the economic problem, which is the problem of how to make the best use of limited, or scarce, resources. The economic problem exists because, although the needs and wants of people are endless, the resources available to satisfy needs and wants are limited. Resources are limited in two essential ways:
The curious task of economics is to illustrate to men how little they really know about what they imagine they can design. Tweet. In three recent posts (here, here, and here), I have argued that macroeconomics is deeply flawed and not a science. Or at least not scientific in the conventional sense of the word. Let me try to make my claims a little more precise and react to some of the comments.