Why is it Called Formalist? An Economic Perspective In an economy of scarce resources, every choice we make comes with trade-offs. Decisions, whether personal or societal, are shaped by the inherent limits of time, money, and opportunity. A farmer deciding whether to plant soybeans or corn, a business owner choosing between expanding production or improving technology, and a government allocating funds to healthcare or education—each of these decisions reflects the broader economic principle of resource allocation and the consequences of choices. Similarly, in the world of literature and criticism, formalist approaches emphasize the significance of form—how a text is structured,…
16 Yorum