History of economic thought: Difference between revisions
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imported>Aleksander Stos m (eco WG) |
imported>João Prado Ribeiro Campos (references) |
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Economics is the social science that studies the production, distribution, and consumption of goods and services. The word 'economics' is from the Greek for οἶκος (oikos: house) and νόμος (nomos: custom or law), hence "rules of the house(hold)." | Economics is the social science that studies the production, distribution, and consumption of goods and services. The word 'economics' is from the Greek for οἶκος (oikos: house) and νόμος (nomos: custom or law), hence "rules of the house(hold)." | ||
Origin of Economics take its roots in the natural propensity of human beings to barter, to exchange or trade goods. Whilst there are no records of dogs ever having bartered bones, men has been bartering since pre-history. | |||
Economics as a political science and as we understand the word today, begins with the work of Adam Smith, ''The Wealth of teh Nations''. <ref name=WEALTH> SIMTH, Adam. ''Wealth of the Nations, The''. Modern Library, 1ª edition, 2000, ISBN 0679783369</ref>. | |||
==References== | |||
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[[Category:Economics Workgroup]] | [[Category:Economics Workgroup]] | ||
Revision as of 06:26, 16 March 2007
Economics is the social science that studies the production, distribution, and consumption of goods and services. The word 'economics' is from the Greek for οἶκος (oikos: house) and νόμος (nomos: custom or law), hence "rules of the house(hold)."
Origin of Economics take its roots in the natural propensity of human beings to barter, to exchange or trade goods. Whilst there are no records of dogs ever having bartered bones, men has been bartering since pre-history.
Economics as a political science and as we understand the word today, begins with the work of Adam Smith, The Wealth of teh Nations. [1].
References
- ↑ SIMTH, Adam. Wealth of the Nations, The. Modern Library, 1ª edition, 2000, ISBN 0679783369