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Economics provides insights about the true nature of "time".  The present is what is most valuable, the future less so, and that past even less still.  For each person, the value of the future compared to the present is a function of his or her age.  It makes for a young person to plan mostly for the future; it makes less sense for an old person to.  When eternity is taken into consideration, it makes the most sense to plan especially for that.

Economics provides insights about the true nature of "time".  The present is what is most valuable, the future less so, and that past even less still.  For each person, the value of the future compared to the present is a function of his or her age.  It makes for a young person to plan mostly for the future; it makes less sense for an old person to.  When eternity is taken into consideration, it makes the most sense to plan especially for that.

Economics also takes into consideration risk, as in the famous aphorism, "a bird in the hand is worth two in the bush."  The two birds in the bush may fly away before you can put your hands on them.  Again, these insights go far beyond "money".

Economics also takes into consideration risk, as in the famous aphorism, "a bird in the hand is worth two in the bush."  The two birds in the bush may fly away before you can put your hands on them.  Again, these insights go far beyond the concept of "money" and extend to many other aspects of the world.

But above all, economics ...

Economics is a relatively young subject or field, much younger than history and religion and other topics.  There is still many advances to be made in economics, and much more value to be obtained from it.

==More Definitions==

==More Definitions==