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Tue 6 Dec, 2005 06:15 am
Re: The Artificial Kingdom
coberst wrote:Modern economics is now the study of scarcity, prices, and resource allocation.
and here's how economist.com defines economics:
Quote:The "dismal science", according to Thomas Carlyle, a 19th-century Scottish writer. It has been described in many ways, few of them flattering. The most concise, non-abusive, definition is the study of how society uses its scarce resources.
http://www.economist.com/research/Economics/alphabetic.cfm?TERM=ECONOMICS#ECONOMICS
apparently, what you're calling modern economics is what they consider to be economics.
you also state:
Quote:Political economy is the study of social relations. It is the study of culture.
study of culture sounds like anthropology to me. anyway, is this your definition, or can you cite a reference for this definition?
Yit...
Sorry I cannot. I have seen it numerious times but do not know where to point. In essence it means that two hundred years, give or take a hundred, ago economics was concerned with human interactions and today human interactions has been replaced by object interaction. Economics like education and most of our life has become comodified and reified.
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