Outlines of Economics
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In our eReader you can find the full English version of the book. Read Outlines of Economics Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Outlines of Economics
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That fact in man which reflects upon things a new character and makes them goods is the fact of human wants. Everything starts with this fact of man's nature. In order to live, and still more in order to live well, a man needs certain things. If he is robbed of food, air, water, etc., he will die. If he lacks books, clothing, art, friendship, esteem, etc., he will live less well than if he has these things in abun- dance. So we say man has wants for air, water, food, cloth- ing, art, esteem, et...c. The power to satisfy a human want is utility.
But it is apparent at once that the wants we have men- tioned are very unlike in character. Air and water, for instance, we seldom think of as things we want at all. We usually have them in abundance and without exertion, so that, though they satisfy wants as vital as any we know, we seldom spend any time thinking about them or our depend- ence upon them. On the other hand, esteem and friendship are very much desired and give us great satisfaction when we secure them, but we feel that they belong to a different Digitized by VjOOQ IC 120 Outlines op Economics.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That fact in man which reflects upon things a new character and makes them goods is the fact of human wants. Everything starts with this fact of man's nature. In order to live, and still more in order to live well, a man needs certain things. If he is robbed of food, air, water, etc., he will die. If he lacks books, clothing, art, friendship, esteem, etc., he will live less well than if he has these things in abun- dance. So we say man has wants for air, water, food, cloth- ing, art, esteem, et...c. The power to satisfy a human want is utility.
But it is apparent at once that the wants we have men- tioned are very unlike in character. Air and water, for instance, we seldom think of as things we want at all. We usually have them in abundance and without exertion, so that, though they satisfy wants as vital as any we know, we seldom spend any time thinking about them or our depend- ence upon them. On the other hand, esteem and friendship are very much desired and give us great satisfaction when we secure them, but we feel that they belong to a different Digitized by VjOOQ IC 120 Outlines op Economics.
What to read after Outlines of Economics?
You can find similar books in the "Read Also" column, or choose other free books by Ely, Richard Theodore, 1854-1943 to read onlineMoreLess
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