HREQ 1720 Chapter Notes - Chapter 1: Totalitarianism, Socalled, Society 1

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{economics} is the process of providing for the material well-being of society. It is the study of how humankind secures its daily bread. The quest for bread is a moving force in human destiny, concealed behind: this history of international crime and mass murder which has been advertised as the history of mankind. Economic history must begin with the crucial problem of survival and on how humankind has solved that problem. The underlying problem of survival=our helplessness as economic individuals. This portion of humankind may suffer great poverty, but it also knows a certain economic independence. If it did not, it would have been wiped out centuries ago. In prosperous and secure societies there is an extreme dependence on others: no longer envisage the solitary individual, the richer the nation, the more apparent is this inability of its average inhabitant to survive unaided and alone.