Maarten Maartensz:    Philosophical Dictionary | Filosofisch Woordenboek                      

 E - Economics

Economics: The production and distribution of goods, or the science thereof.

Originally, 'economics' meant 'householding or the knowledge thereof', and what started out as practical wisdom of how to run a farm or house with respect to gains and losses turned into a theory of how firms, individuals, states, farms, cities and other institutions interact through the making, selling, buying and bartering of goods.


See also: Property - in society


Smith, Ricardo, Marx, Keynes, Samuelson, Sraffa

 Original: Jun 3, 2005                                                Last edited: 12 December 2011.   Top