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LEAD-INDate: 2015-10-07; view: 401. The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Unit 1. What is economics?
John Maynard Keynes (1883 – 1946), a British economist
1. The dictionary defines economics as “the study of the production of wealth and the consumption of goods and services in a society”. List five economic issues relating to production and consumption that your national or local government has to deal with today. 2. Why do you think everyone should understand basic economics?
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