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Line 8: − Presenting the socialist viewpoint that everything belongs to the government (rather than to individual members of the public),+ − +
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* 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. [http://www.capitalism.net/Capitalism/Economics%20and%20Capitalism.htm]
* 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. [http://www.capitalism.net/Capitalism/Economics%20and%20Capitalism.htm]
C. Lowell Harriss, a professor of economics at Columbia, said that economics is the study of the allocation of scarce goods and services.<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>
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>
==Why we should study it==
==Why we should study it==