Human Action Is Purposeful Behavior.

Whether We Like It Or Not, It Is A Fact That Economics Cannot Remain An Esoteric Branch Of Knowledge Accessible Only To Small Groups Of Scholars And Specialists. Economics Deals With Society's Fundamental Problems; It Concerns Everyone And Belongs To All. It Is The Main And Proper Study Of Every Citizen.

In Life Everything Is Continually In Flux.

What People Today Call Inflation Is Not Inflation, I.e., The Increase In The Quantity Of Money And Money Substitutes, But The General Rise In Commodity Prices And Wage Rates Which Is The Inevitable Consequence Of Inflation.

Most Of Us Have No Sympathy With The Rich Idler Who Spends His Life In Pleasure Without Ever Doing Any Work. But Even He Fulfills A Function In The Life Of The Social Organism. He Sets An Example Of Luxury That Awakens In The Multitude A Consciousness Of New Needs And Gives Industry The Incentive To Fulfill Them.

It Is Inherent In The Nature Of The Capitalistic Economy That, In The Final Analysis, The Employment Of The Factors Of Production Is Aimed Only Toward Serving The Wishes Of Consumers.