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Why do you have economics?

Updated: 4/28/2022
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15y ago

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Personally I don't "have" it, however the subject is regarded as a necessary part of living on both a personal level and on a national one. Economics provides us with the means of describing and to some degree understanding the relationship between the efforts that we make and the value of the results that we (partially) enjoy. Since the following two axioms are fundamental to this subject, it is then possible to reason in this subject and to learn more about its significance to our community. "Man seeks to satisfy his needs with the minimum of exertion" "Man's desires are unlimited" These two axioms were first proposed by Henry George (North American 19th centuary) , the first economist who seriously tried to put this subject on a scientific basis.

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