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Central problem of economics

By: Material type: TextTextPublication details: New Delhi; Concept Publishig Companay; 1990Description: 143 pISBN:
  • 8170223474
Subject(s): DDC classification:
  • 338.521 MUK
Summary: Economics has traditionally been concerned with the "Wealth of Nations". till the emergence in the nineteen thirties of Lionel Robins on the Economic Scene. Following Robins. Economics has been accepted as a study of matching scarce resources amongst alternative uses. Several modifications have been attempted but the characte of scarcity dominating economic thought continues unabated. This book inpunges the scarcity element of economics as the dominant theme and puts forth the case of economics being a study of the problem of managing surplus. The central problem of Economics is seen as the problem of co-ordinating men, material and technology into the tool process.
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Economics has traditionally been concerned with the "Wealth of Nations". till the emergence in the nineteen thirties of Lionel Robins on the Economic Scene. Following Robins. Economics has been accepted as a study of matching scarce resources amongst alternative uses. Several modifications have been attempted but the characte of scarcity dominating economic thought continues unabated. This book inpunges the scarcity element of economics as the dominant theme and puts forth the case of economics being a study of the problem of managing surplus. The central problem of Economics is seen as the problem of co-ordinating men, material and technology into the tool process.

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