Economics : Man and his material resources

Man finds himself the crust of the Earth with the instinct and 92 desire to keep himself alive now and, through his posterity, possible, both the resources the Earth in the capacity of Mankind find and employ and multiply adapt those resources. Man can be, and has blindly improvident in regard those resources. For, while his capacity and ingenuity may humanly speaking, limitless so concerns the adaptation himself and material environment to each other, his material problem of physical wellbeing becomes need make the most efficient of scarce resources.

The urgent task confronting economic science today, therefore, is a re statement of economic principles, not only the light much-needed research the barely known economic development, also terms of those human values which for century spicuously absent from economic thought, and about which Economics so much to learn other sciences. A volume this kind is the place for such restatement of scientific

principles; is, rather, opportunity for stock-taking, a re-examination both of the problems which we look Economics solve for us and the success or otherwise of the science solving them to the present. Nor the book claim be a textbook of Economics the conven tional sense that ancient article of University furniture. will be evident. however, that the problem of world's poverty be solved, we mus know something how man creates wealth (Production) and he does could share that wealth out among the population. And more and more, ordinary citizen called upon in political societies to exercise through ballot his individual judgment questions which fundamentally are questions of economic principle, it vital that she should have an understanding how different economic systems are believed work and whether they fact measure up the claims advocates make them. is important student know something the claims, for example, of capitalist

"free enterprise" and "planned" economies. knowledge and experience increase i The problems with which Economics sets out to are still the same as those, for example, with Adam had to concern nearly two hundred years ago in his famous book Weal of view those problems from angles, the light of he is no doubt, even social moral purposes mind.