All progress is based upon a universal innate desire on the part of every organism to live beyond its means.
Economics is a pervasive sociological system, touching every individual, organization, and nation. However, the perception of economics varies with the era, often because of the proportional weight given to production and free enterprise versus ethical considerations and the welfare of people. And if the love of money is the root of all evil, then the study of it may be the root of all confusion. Alan Greenspan is reported to have said that the Federal Reserve Board specializes in precision guessing. If so, perhaps the chief accomplishment of economics has been to make astrology a respectable science. 1
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Publication information: Book title: The Ingenious Mind of Nature:Deciphering the Patterns of Man, Society, and the Universe. Contributors: George M. Hall - Author. Publisher: Plenum Press. Place of publication: New York. Publication year: 1997. Page number: 307.
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