“History is economics in action,” as Karl Marx noted. Marx, who got almost everything else wrong but most likely got this right, connected economics to everyday reality.
In their famous book The Lessons of History, Will and Ariel Durant explain that economics in action is the contest among individuals, groups, classes, and states for food, fuel, materials, and economic power.
Content: Quotation
Author: Darrol J. Stanley
Source: Graziadio Business Report
Subjects: Economics, History
Author: Darrol J. Stanley
Source: Graziadio Business Report
Subjects: Economics, History
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