Man, Economy, and State.

In Man, Economy, and State we learn that economics is the science that deals with the rise and fall of civilization, the advancement and retrenchment of human development, the feeding of the multitudes, and the question of whether human affairs are dominated by cooperation or violence. Economics emerges as the logic of that underlies human action in a world of scarcity, the lens on how exchange makes it possible for people to cooperate toward their mutual betterment. We see how money facilitates this, and allows for calculation over time that permits capital to expand and investment to take place. We see how entrepreneurship, based on real judgments and risk taking, is the driving force of the market.