(Lexical Research ofthe word "Economics")

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"Economicdk with a
ab Pro aterial
in the organised group
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OeYL (AdamSmith, 1723-1790) 1A216

(Classical School of Thought) ()

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(ModernSchool

Smith 1723-1790)

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Father of political

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of Thought)

u E6
Economy)

"AnEnquiryU TUirU of Nations) 1776

Uinto the Nature and Causes of the Wealth of Nations"

"Economics is a Study of Wealth." (

(1) Twining Hardley, Economic, p. 10.
Ub U L (Adam Smith 1723-1790)

u AUi (Jeremy Bantham 1748-1832)Sz U

sk yi «(Thomas Robert Malthus 1766-1834)
(David

(J.B. Say 1767-1832) zRicar do 1772-1823

d Stuart Mil 1806-1873) U
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Elley)(John
(Walrus)Us (Fawcett)6(Francis A. Waker)
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(Neo classical school of thought) #3
(dam L Alfred Marshall 1842-1924)JF P
Jus ! 4 žsek Smith 1723-1790)
u (Mommonworship)ECs s (Dismal Science)

uUtiyd=P»iur-UaaöU
"Economics is a study of man's action in the ordinary

of life; it enquiries how he gets his income

business
and how he uses it.

"It examines that part of individual and social

action which is most closely connected with the
attainment and with the use of material requisites of

well-being.

Thus economics isone side a study of wealth,

on
and on the other, and more important side, a part of

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the study of man."(1)

Principles

1919
of U 1879 Economics of Industry
Industry and Trade 1890
Economics

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1924 & Money, Credit

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s(Beveridge)Es
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Marshal)

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Clark) s
and Commerce

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(Pigou)
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Wicksel)

-UPLŽ (Irving Fisher)

r Modern school of Thought) 44

U Leonel Robbins) al vL/e F t
(London school of Economics)is1JW -U
Nature and Significance of Economics SUlAe
(1) Jinans on,Economics, p. 6.
 -uso4L£ItibrÉes. 1932

Alfred Marshal) AL (Robbins) l)

) stud ies human

"Economics is a science which
behaviour as a relationship between ends and s carce
means with alter native uses."

- Unsf*lAPUHŠ
( )iesl A
LritILGeorge Bernard Shaw)

"If you took all the Economists in the wor ld and laid

them end to end, they still would not reach a

Conclusion. " ()

(Miller) (keynes) s vLRobbins) l

(1) Willin C.B. Blanchfierd/ Jacob Oser, Economics, p. 3.

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(Theoretic al Economic s b

(Applied Economics b ULUIr

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(Positive Ec onomic3 e jEI()

(Welfare Economicsefvji(r)

(Micro Economich z()

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(Theory
of Wealth Distributions E)

CTheory of Production r)
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(Theory of Pric ()
of
(Theory Equilibriur)WilPA)

(Macro Economicsp L»G(r)

(Lord Keynes) 0-uLLarge3L (Macro)»

(Aggregates) U (Overall Averages) Ut UdL