WHAT IS ECONOMICS? AN EXPLORATION OF THE FUNDAMENTAL CONCEPTS AND PRINCIPLES
PDF

Keywords

Economics, economic principles, resource allocation, human behavior, economic theories

How to Cite

WHAT IS ECONOMICS? AN EXPLORATION OF THE FUNDAMENTAL CONCEPTS AND PRINCIPLES. (2023). "Conference on Universal Science Research 2023", 1(10), 82-84. https://universalpublishings.com/index.php/cusr/article/view/2289

Abstract

This scientific article provides a comprehensive analysis of the discipline of economics, aiming to answer the fundamental question: What is economics? We delve into the core concepts, theories, and principles that underpin the field of economics, its significance in understanding human behavior and resource allocation, and the impact of economic decisions on societies and individuals. By examining the history and evolution of economic thought, we offer a multi-dimensional perspective on economics as both a social science and a policy tool.

PDF

References

Samuelson, P. A., & Nordhaus, W. D. (2010). Economics. McGraw-Hill Education.

Smith, A. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. W. Strahan and T. Cadell.

Marx, K. (1867). Das Kapital. Verlag von Otto Meisner.

Keynes, J. M. (1936). The General Theory of Employment, Interest, and Money. Harcourt, Brace, and Company.

Friedman, M. (1968). The Role of Monetary Policy. The American Economic Review, 58(1), 1-17.

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.