1.2.4. Definition of Economics (Extended Version).

D.1. Extended Definition of Economics: It is the scientific study of those aspects of behaviour which are triggered due to the psychological conflict arising from a system of given ends on one hand, and a set of given social and technical conditions on the other.

E.1. It is in one sense the broadest definition of Economics, allowing us to see how our discipline is placed within broader project of social science research. We take as given the ends of the population we study, and also the information about their social conditions and technical as well. This then helps us identify the psychological conflicts that arise, which then help us study the Relative Valuations (See D4 in 1.1.1.). In a sense it opens up the possibility of importing information about the given data from rest of sciences.

Reference: Chapter 02 of Robbins, L. (2007). An essay on the nature and significance of economic science.

Brainstorming: What is Importance of Attention Direction?

Brainstorming: What is Importance of Attention Direction? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

2.1.0. Primacy of the Need Satiation.

D.1. Primacy of the Need Satiation: All humans strive for satiation of their Needs, and this forms the primary cause of all the variations in an Economy. Axiomatic Derivation: 1. All Humans have Needs (See Need for concept details). 2. All self aware organisms are aware of their Needs, and consequences of thwarting these Needs. 3. All self aware organisms are also organisms who wish to secure their existence . 4. All self aware organisms, following 2 and 3, strive for satiation of their Needs. 5. Humans are self aware organisms. 6. Humans being self aware strive for satiation of their Needs. 7. The sum of all such strives by various individuals form an Economy, or Market. 8. Alternatively, strive for satiation of the human needs forms the principle cause of all the variations in an Economy. 9. NOTE: For an elaboration of this, an explanation below shall be appended soon.

Brainstorming: What is Economics?

Brainstorming: What is Economics? Notes: It is useful for every apprentice to brainstorm and organize their ideas on important topics. This helps recall, and also discover logical gaps, or other weaknesses. I have attempted to do the same here. You may use it to develop your own diagram to organize and refine your own thoughts around the question in the title. See Project Concept Maps (Slide on Concept Maps) for understanding how these diagrams were made. You may download the picture to see it full size (Left Click on the picture, and select Save As.)

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