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Henri Lefebvre (/ l ə ˈ f ɛ v r ə / lə-FEV-rə, French: [ɑ̃ʁi ləfɛvʁ]; 16 June 1901 – 29 June 1991) was a French Marxist philosopher and sociologist, best known for pioneering the critique of everyday life, for introducing the concepts of the right to the city and the production of social space, and for his work on dialectical materialism, alienation, and criticism of Stalinism ...
Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. [33]
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing. Thus it is on the one side a study of wealth; and on the other, and more important side, a part ...
A person's livelihood (derived from life-lode, "way of life"; cf. OG lib-leit) [ 1] refers to their "means of securing the basic necessities (food, water, shelter and clothing) of life ". Livelihood is defined as a set of activities essential to everyday life that are conducted over one's life span. Such activities could include securing water ...
Buffett deemed this quip “the 10 most important words in the history of economics,” he told billionaire Dan Gilbert during an interview at the Detroit Homecoming event at the College for ...
The economics term cost, also known as economic cost or opportunity cost, refers to the potential gain that is lost by foregoing one opportunity in order to take advantage of another. The lost potential gain is the cost of the opportunity that is accepted. Sometimes this cost is explicit: for example, if a firm pays $100 for a machine, its cost ...
[8] [9] [10] When Ronald Reagan was giving speeches to General Electric plants in the 1950s and 60s, he read Economics in One Lesson [11] which helped influence his economic philosophy. [12] [13] Economics in One Lesson was an important work for the development of neoliberalism in America. [14]
An economic system, or economic order, [ 1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.