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On the Subject Matter of Economic Science, or Where Should We Begin while Teaching Economics?

Leonid Grebnev


Abstract: The author analyzes some descriptions of the subject matter of economics as a science and a «discipline» (a «subject» or a «course») which are widespread in the western textbooks. The article stresses the connection between those descriptions and spheres of their authors’ scientific activities. The views on the subject matter of economic science are shown to be inconsistent both with real human’s life and with the basic notion of goods introduced by C. Menger. The author suggests that the economics course should begin with the description of the marginal aims of economic activity which are the subsistence of life and the increase in welfare.

Date: 2007
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Handle: RePEc:nos:voprec:2007-08-9