SOSC 2340 Lecture Notes - Lecture 10: Abita Brewing Company, Complex Number, Adam Smith
9 Feb 2019
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According to heilbroner, he defines the economic problem as how the societies distribute materials and sole it through production, and reproduction. First, we are struck by the extraordinary variety of ways in which human communities have wrestled with what we might call the economic problem. No two societies seem to have used exactly the same ways of mobilizing and marshalling their work forces or of distributing their product. There are many ways to raise crops, spin thread, build houses, wage war. Equally great differences are visible in the means of selecting those who will go into the fields to hunt and gather and those who will not- gender, family, race, punishment, ambition. Tremendous variations have marked the portions distributed to different members and classes of members, of society, and equally great differences can be found in he explanation of these differences between the favoured and the unflavoured.
