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| − | GO ON LIBERALS, LIBERTARTIANS, AND LEFTISTS! F*CK ALL THIS FASCISTS! F*CK EM ALL!!!
| + | [[Image:NYSE-floor.jpg|right|thumb|Face-to-face trading on the [[New York Stock Exchange]]'s trading floor.]] |
| | + | '''Economics''' is a social [[science]] concerned with how society produces, allocates, and consumes goods and services. |
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| − | ='''LET'S VANDALIZE THIS F*CKIN SHIT!!!!!= | + | == Issues in economics == |
| | + | Economics deals with a large number of issues: |
| | + | * [[Theory of value]]: What are things worth? Why are they worth what they're worth? |
| | + | * [[Economic justice]]: What is a "fair" distribution of resources in a society? |
| | + | * [[Economic prosperity]]: What policies encourage economic growth and development? |
| | + | * [[Economic prediction]]: What can the economic realities today tell us about the economic realities of tomorrow? |
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| | + | == Disciplines within economics == |
| | + | Economics is a very broad discipline, and involves the following other disciplines as well: |
| | + | * [[Moral philosophy]]: How ''ought'' a society produce and distribute goods and services? |
| | + | * [[Psychology]]: What principles underlie human economic decision-making? |
| | + | * [[Mathematics]]: What mathematical models can predict economic outcomes? |
| | + | * [[Ecology]]: What economic policies and practices are ecologically sustainable? |
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| | + | ==Branches of economics== |
| | + | * [[Microeconomics]]: the study of economic decisions in individual people, businesses, and markets; |
| | + | * [[Macroeconomics]]: the study of economic dynamics and policies in an entire economy |
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| | + | == History of economics== |
| | + | ''Main article: [[History of economics]]'' |
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| | + | It is generally accepted that the formal study of economics began with the Scotsman [[Adam Smith]], in his book [[An Inquiry into the Nature and Causes of the Wealth of Nations]]. The origins of the field however, lie in the [[banking]] industry, which has developed over thousands of years.{{fact}} |
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| | + | [[Category:Economics]] |