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Definition of Economics

People whom I respect seem to like this definition of economics from one of my books of essays:

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About Me

Martin Meenagh: I was a student, tutor and (briefly) a lecturer at Oxford University in England for 15 years. I also worked with American universities, schools and A-level colleges. My family were immigrants in a steel town in England. I am currently teaching and lecturing in London, and was called to the Bar of England and Wales by the Honourable Society of the Middle Temple.

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1970s
Aggregate Demand
Aggregate Supply
allocative efficiency
asymmetric information.
automation
Balance of Payments
Balance of Trade
barriers to entry
bond markets

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