What is Economics :: Rosa Luxembourg

Economics is a peculiar science. Problems and controversies arise as soon as we take the first step in this field of knowledge, as soon as the fundamental question – what is the subject matter of this science – is posed. The ordinary working man, who has only a very vague idea of what economics deals with, will attribute his haziness on this particular point to a shortcoming in his general education. Yet, in a certain sense, he shares his perplexity with many learned scholars and professors who write multivolumed works dealing with the subject of economics and who teach courses in economics to college students. It appears incredible, and yet it is true, that most professors of economics have a very nebulous idea of the actual subject matter of their erudition. Continue reading