The definition of economics .

Adam Smith said that the definition of economics is the wealth of nations,

in other words, the idea is that if the mountain is high, the bottom is also

high, and Marx placed the emphasis on distribution saying that even if the

mountain becomes higher, the bottom will not rise. I understand that both

of them are for the purpose of eradicating poverty. There is a theory that

policy of raising the bottom would result in the loss of will to work, and

the same could be said about overdone welfare. I believe that the study of

raising the bottom by putting these together is economics.

What is social progress? I believe it is to raise the bottom.

For that purpose, it should be clearly defined that “Economics is the study

to eradicate poverty from earth”.

01.10.11