Katana VentraIP

Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact, and factors affecting it: factors of production, such as labour, capital, land, and enterprise, inflation, economic growth, and public policies that have impact on these elements. It also seeks to analyse and describe the global economy.


Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be";[5] between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics and heterodox economics.[6]


Economic analysis can be applied throughout society, including business,[7] finance, cybersecurity,[8] health care,[9] engineering[10] and government.[11] It is also applied to such diverse subjects as crime,[12] education,[13] the family,[14] feminism,[15] law,[16] philosophy,[17] politics, religion,[18] social institutions, war,[19] science[20] and the environment.[21]

emphasizing human action, property rights and the freedom to contract and transact to have a thriving and successful economy.[95] It also emphasises that the state should play as small role as possible (if any role) in the regulation of economic activity between two transacting parties.[96] Friedrich Hayek and Ludwig von Mises are the two most prominent representatives of the Austrian school.

Austrian School

concentrates on macroeconomic rigidities and adjustment processes. It is generally associated with the University of Cambridge and the work of Joan Robinson.[97]

Post-Keynesian economics

like environmental economics studies the interactions between human economies and the ecosystems in which they are embedded,[98] but in contrast to environmental economics takes an oppositional position towards general mainstream economic principles. A major difference between the two subdisciplines is their assumptions about the substitution possibilities between man-made and natural capital.[99]

Ecological economics

Hoover, Kevin D.; Siegler, Mark V. (20 March 2008). "Sound and Fury: McCloskey and Significance Testing in Economics". Journal of Economic Methodology. 15 (1): 1–37.  10.1.1.533.7658. doi:10.1080/13501780801913298. S2CID 216137286.

CiteSeerX

; Nordhaus, William D. (2010). Economics. Boston: Irwin McGraw-Hill. ISBN 978-0073511290. OCLC 751033918.

Samuelson, Paul A

Anderson, David A. (2019). Survey of Economics. New York: Worth.  978-1-4292-5956-9.

ISBN

; Amighini, Alessia; Giavazzi, Francesco (2017). Macroeconomics: a European perspective (3rd ed.). Pearson. ISBN 978-1-292-08567-8.

Blanchard, Olivier

(1985). Economic Theory in Retrospect (4th ed.). Cambridge: Cambridge University Press. ISBN 978-0521316446.

Blaug, Mark

McCann, Charles Robert Jr. (2003). The Elgar Dictionary of Economic Quotations. Edward Elgar.  978-1840648201.

ISBN

public domain audiobook at LibriVox

Economics