Articles and Ideas

February 14, 2010

Nature and Scope of Economics

Filed under: Book Reviews — Tags: , , — kuru @ 12:27 am
Muhammad Waqas Nayyar asked:

Many writers of the early days defined economics as “a science of wealth”. Adam Smith commonly know as the father of modern economics, defined economics as “An enquiry into the nature and causes of wealth of nations.”

These definitions were defective because they gave much importance to wealth. As wealth is not everything, it only leads to achieve welfare of human. Therefore it is man an which is the aim all of the economic activities.

Professor Dr. Alfred Marshall was the first economist who gave a logical definition of economics. He defined economics as: “A study of mankind in ordinary business of life, it examine that part of individual and social actions which is closely related with attainment and use of material requisites”

CHARACTERISTICS OF DEFINITION:

This definition gave a new direction to the study of economics. Following are the important characteristics of definition.

1. A Social Science

This Definition makes economics a social science. It is a subject that is concerned with the people living in society. According to Marshall, as the behavior of human beings is not same all the time therefore principles of economics cannot be formulated like the laws of sciences. Further laws of economics are not as exact as the laws of natural sciences. For this reason it is a social science.

2. Study Of Man

Economics is related to man; therefore it is living subject. It discusses economic problems and behavior of man. According to Marshall it studies the behavior of man In ordinary business of life.

3. Wealth As A Means Of Material Well Being

According to Marshall, wealth is not the ultimate objective of human activities and therefore we do not study wealth, for the sake of wealth. Therefore according to this definition we study wealth as a source of attainment of material welfare.

4. Economics And Welfare

This definition makes economics a welfare oriented subject. We are concerned only with those economic activities which do not promote material welfare of human beings are out of the scope of economics.

5. Materiality

Marshal stresses upon the concept of “material requisite of well being”. Therefore according to this definition all economic activities resolve around the acquisition and use of material goods like food, clothing etc. because they increase welfare of human beings. On the other hand non-material requisites of human life like education, recreation are ignored.

6. Normative Outlook

According to this definition economics should take care of good and bad aspects of economic activities and therefore involve itself in “what should be and what should not be”. This is called normative aspect of economics.

CRITICISM

“Robbins and other many economists severely criticized this definition on following grounds.”

1. Limited To Material Welfare

This definition limits the subject of economics to material welfare of people. But the subject of economics is not limited to the study of material welfare of human beings. In reality both material and non material aspects of wellbeing are studies in economics.

2. Vague Concept of Welfare

The concept of welfare used in this definition is also not clear. The welfare of human beings is not limited to the attainment of material requisites. There are many other factors which affect the human welfare. Further the word “welfare” has different meaning for different persons and different societies. Therefore we cannot define economics using an unclear concept of welfare.

3. Limited Scope

This definition has made the scope of economics limited. Only those activities are studied in economics which are aimed at the attainment of material requisites of well being. Further it ignores the economic activities of a person not living in society. Attainment of non material requisites of human well being fall out of the scope of economics. This division of material and non material aspects of human welfare is not correct.

4. Economics And Welfare

According to Robbins the study of economic activities on the basis of welfare is not good. It is not the duty of an economist to pass verdict that what is conducive to welfare and what is not. Thus according to Robbins “Whatever Economics is concerned with, it is not concerned with causes of material welfare as such.

5. Moral Judgment

In this definition Marshall makes economics a subject which considers the right and wrong aspect of economic activities. According to Robbins economics in neutral as regards ends and it is not the function of an economist to pass moral judgments and say what is good and what is bad.

6. Unrealistic

This definition appears to be unrealistic as we analyze it critically. The unclear concept of welfare, the division of ends into material and non material, the stress on good and bad, the concept of man living in society etc. all these concepts put unnecessary restrictions and make the scope of economics limited. These ideas make the definition unrealistic.

CONCLUSION

Although this definition gave a new direction to the subject of economics but it had many weaknesses. Some of the faults of definition are discussed above. For these reasons this definition was replaced by other new definitions of economics.

February 10, 2010

Images of Irish Nature - Book Review

Calvin Jones asked:

If I ask you to picture some of the world’s great wildernesses chances are that your mind will conjure exotic pictures of the African savannah, the icy polar tundra, lush tropical rainforests or any of a host of far-flung ecosystems that feature regularly on our TV screens.

Compared to these wildlife Meccas, it’s easy to dismiss our little island in the north-east Atlantic as practically insignificant. But to do so would be a mistake. Getting your wildlife fix from the television is no substitute for getting up close and personal with the real thing. Nothing quite compares with getting out into the open and experiencing the wonder of nature first hand.

While Ireland may lack the high levels of biodiversity and some of the more dramatic signature species of more exotic locations, our mix of flora, fauna and habitat is no less unique, every bit as fascinating and, perhaps most importantly, infinitely more accessible. In fact, our wild habitats, plants and creatures are a living, breathing part of our national heritage - and that makes them more significant to us than those found in far off lands.

Anyone out there who doubts that Ireland’s wilderness can be as dramatic, varied and beautiful as anywhere else in the world should take a look at “Images of Irish Nature”, a new book by renowned West Cork wildlife photographer Mike Brown. It’s a publication that unequivocally celebrates the wonder of Ireland’s wild places, plants and animals.

The photography is, quite simply, superb. But then you’d expect nothing less from a photographer of Mike Brown’s calibre (he won the ESB Environmental Photographer of the Year award in 2002, and was named Photographer of the Year by the Irish Professional Photographers’ Association in 2003). The book includes stunning photographs of a wide variety of Ireland’s native wildlife, from common and easily observed species like barn swallows, curlews and foxes to more elusive denizens of our wilderness, like pine martens, barn owls and bats.

Photographing wildlife is, arguably, among the most challenging of photographic disciplines. It’s a painstaking, often frustrating business that takes skill, patience, luck, dedication and, above all, an intimate connection with and understanding of the natural world.

Truly outstanding wildlife photography reveals none of those challenges in the final shot. Images appear effortless, simple and somehow connect with the viewer on a level that transcends a mere moment frozen in time. What’s remarkable about Images of Irish Nature is how many of the photographs in the book seem to achieve that effortless simplicity. Mike Brown demonstrates that he’s at the pinnacle of his profession, well able to hold his own with the very best in the field.

Throughout the book Mike’s photographs are interspersed with informative and thought-provoking essays by some of Ireland’s leading wildlife writers. Gordon D’Arcy reflects on how as a nation we’re becoming disassociated with nature, and how vital it is to rekindle a fascination and understanding of nature and the environment in our children. Richard Collins comments on how local wildlife can be just as intriguing as high-profile species from afar, and introduces us to some examples. Damien Enright takes us on a stroll through the seasons in West Cork, complete with seasonally inspired verse. Juanita Browne introduces us to her favourite class of Irish fauna, the mammals, and ponders the dilemma of reconciling Ireland’s inexorable progress with the pressing need to preserve our natural heritage. Padraig Whooley of the Irish Whale and Dolphin Group introduces us to the fascinating world of whale watching, explaining how Ireland now ranks as one of the world’s whale-watching hotspots, and how we can all get involved in cetacean conservation. Finally, Michael Viney takes us beach-coming along Ireland’s tide line, and makes some surprising discoveries along the way.

The writing style of the contributors varies considerably - and I have to say I found certain essays more appealing than others - but on the whole they offer a fitting complement to Mike Brown’s generally exceptional photography.

Perhaps the greatest endorsement of Images of Irish Nature is the Foreword, written by the undisputed patriarch of Irish natural history, Éamon de Buitléar, which he closes thus: “Mike’s ability to produce a constant supply of excellent photographs not only sets high standards for others to follow but his pictures also help to make people more aware of the beauty of Ireland’s countryside and its wildlife.”

High praise indeed, and perhaps that aspect of the book - its wide appeal, its ability to inspire people and to raise awareness of Ireland’s natural history - is its greatest achievement. What more could any wildlife photographer hope for?

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