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{{cquote|Economics, as the science which studies the production of [[wealth]] under a system of division of labor, is actually the science which studies the production of wealth under [[capitalism]].<ref name="capitalism.net">http://www.capitalism.net/Capitalism/Economics%20and%20Capitalism.htm</ref>}}
 
{{cquote|Economics, as the science which studies the production of [[wealth]] under a system of division of labor, is actually the science which studies the production of wealth under [[capitalism]].<ref name="capitalism.net">http://www.capitalism.net/Capitalism/Economics%20and%20Capitalism.htm</ref>}}
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C. Lowell Harriss, a professor of economics at Columbia, describes economics as the study of the allocation of scarce goods and services.  In market economies, this is determined by [[supply and demand]].<ref>[http://www.nytimes.com/2008/07/13/business/13every.html?em&ex=1216440000&en=a9a6d3e97f11545f&ei=5087%0A Lessons in Love, by Way of Economics]</ref>
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C. Lowell Harriss, a professor of economics at Columbia, describes economics as the study of the allocation of scarce goods and services.  In market economies, this is determined by [[supply and demand]].<ref>[https://www.nytimes.com/2008/07/13/business/13every.html?em&ex=1216440000&en=a9a6d3e97f11545f&ei=5087%0A Lessons in Love, by Way of Economics]</ref>
    
==Why it should be studied==
 
==Why it should be studied==
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