Saturday, September 27, 2008

Economics


The study if Economics will make us think about the Wealth in the State. It is both descriptive and a normative science. It must not be divorced from Ethics and Psychology. It is to be used as the instrument of personality under our control and direction. It must be limited in quantity according to our purpose that is intended to save us at any particular time. Economics teaches us that the highest happiness is to be attained by the multiplication of goods and material objects and enjoyment. We have to masteries Economics as a science.

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