|I. BASICS||What is economics?|
Essential Principles of economics
We might take our definition from the father of modern economics, Adam Smith.
He entitled his famous book "An Inquiry Into the Nature and Causes of the Wealth of Nations."
That is not a bad description of the subject matter of economics, but many modern economists have tried to find a more logical or scientific definition.f
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Last update Tuesday, August 24, 2004
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