Economics
In simple slang, economics
is the science of making ends meet or the study of how that's
done. But the slang phrase, making ends meet, is too habitually
tied in people's minds to money, which is not even a necessary factor.
More exactly and in perfect English, economics
is the study of how the actual availability of resources and the consumption
of resources are or can be balanced and managed so that EITHER enough
resources are found or developed and appropriately distributed to meet
and continue to meet all consumption needs OR consumption is modified
and limited to avoid exceeding the actual availability of resources. That's
economics.
If money is used as a dynamic bookkeeping tool to
measure and limit each consumer's fair share of the resources distributed
(as so-called salaries are used in Cuba) or to compare the value of materials
and services traded, then the use of money becomes a subtext of the science
of economics and must be studied as a subtext, but neither money nor even
trade is necessary in an economic system.
The noun economy and the modifiers economic
and economical most accurately refer to an individual's or group's
practice of using no more resources than are continuously or currently
available, including raw materials, labor, products, and services. The
phrase THE economy is bad grammar which may be a semi-legitimate
effort to avoid a heavier construction like the economic system
or the economic situation, but, if it refers only to the games
played with i.o.u.'s and promises and money by Wall Street insiders, besides
being bad grammar, it represents a deliberate or instinctive effort to
fool the public.
The either cunningly planted or clumsily misbegotten
idea that economics is only about the flow of money in and out
of lucky and unlucky pockets, along with the pretense that stock market
gambling is useful to everyone is a smoke-and-mirrors trick to cover high
crimes and usury (see Capitalism);
and editorial page "experts" who know nothing about mining, construction,
agriculture, transport or anything else but the Wall Street numbers game
cleverly called trade are either charlatans covering for the crooks
or crooks themselves. The methodology of insiders who profit,
i.e. get and keep control of more than their fair share of available resources
or of the paper chits supposedly representing those resources may be a
science, but it is not the science of economics. It could be a
sub-text of sociology headed chicanery. In fact, it's a warped
sub-text of economics headed capitalism.
But it's only a warped sub-text. Another more honest
sub-text is communism, which may but doesn't have to have ANYTHING
to do with money or profit or business. And another sub-text is socialism,
which is a transitional purifying phase leading away from barbaric capitalism
toward civilized communism. Socialism may have more or less to do with
money or profit or business depending on how far the transition has gone.
Economics, in a household or a civil
state, is the science or common sense practice of monitoring and balancing
available resources with the production and use of goods and services
with the intent of keeping things even. A stable economy stays approximately
even. A profit is an aberration which may be used as an honest hedge but
which may also represent wasted resources and work and which, if it goes
into a private pocket, is probably a crime. The regularly profitable business
of an individual masquerading as a participant in a civilized state, then,
is the equivalent of ongoing bank robbery.
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DEFINITIONS
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