'It keeps cropping up all over the place.
There is an economics of money and trade, of production and consumption, of distribution and development.
There is also an economics of welfare, manners, language, industry, music, and art.
There is an economics of war and an economics of power.
There is even an economics of love.
Economics seems to apply to every nook and cranny of human experience.
It is an aspect of all conscious action. Whenever alternatives exist, life takes on an economic aspect. It has always been so.
But how can it be?
It can be because economics is more than just the most developed of the sciences of control.
It is a way of looking at things, an ordering principle, a complete part of everything.
It is a system of thought, a life game, an element of pure knowledge." - Robert A. Mundell
There is an economics of money and trade, of production and consumption, of distribution and development.
There is also an economics of welfare, manners, language, industry, music, and art.
There is an economics of war and an economics of power.
There is even an economics of love.
Economics seems to apply to every nook and cranny of human experience.
It is an aspect of all conscious action. Whenever alternatives exist, life takes on an economic aspect. It has always been so.
But how can it be?
It can be because economics is more than just the most developed of the sciences of control.
It is a way of looking at things, an ordering principle, a complete part of everything.
It is a system of thought, a life game, an element of pure knowledge." - Robert A. Mundell
