Economic concepts and applications with special reference to climate change. In: Winter School on Impact of Climate Change on Indian Marine Fisheries held at CMFRI, Cochin 18.1.2008 to 7.2.2008

Sathiadhas, R (2008) Economic concepts and applications with special reference to climate change. In: Winter School on Impact of Climate Change on Indian Marine Fisheries held at CMFRI, Cochin 18.1.2008 to 7.2.2008. [Teaching Resource]

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Abstract

Economics is the social science, which examines how people choose to use limited or scarce resources in attempting to satisfy their unlimited wants. Alfred Marshall defined economics as “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 one side a study of wealth; and on the other, and more important side, a part of the study of man. Most contemporary definitions of economics are based upon choice and scarcity. One of the earliest definitions in this category is by Lionell Robbins in 1935: “Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.”

Item Type:Teaching Resource
Uncontrolled Keywords:Economic concepts; applications; climate change
Subjects:Socio Economic and Extension > Fisheries Economics
Marine Environment > Climate change
Divisions:CMFRI-Cochin > Fishery Extension
ID Code:5407
Deposited By:INVALID USER
Deposited On:19 Oct 2010 10:28
Last Modified:19 Oct 2010 10:28

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