Economics
(Redirected from Economy)
Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold)."
History
- Economics can be defined in a few different ways. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. It often involves topics like wealth and finance, but it’s not all about money. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years. Economics ranges from the very small to the very large. The study of individual decisions is called microeconomics. The study of the economy as a whole is called macroeconomics. A microeconomist might focus on families’ medical debt, whereas a macroeconomist might focus on sovereign debt.[1]
Economics in National Socialism
Some of the ways National Socialism revived Germany's economy were:[2]
- National work programs.
- Give money to people who do good things.
- Limit bonuses, manager pay, and what they are paid should be based on the success of the company.
- Limit the rich from fleecing the nation's money.
- The richest pay 45 % of the country's tax burden.
- They stopped having their issued money be debt to the Jewish banks (e.g. Federal Reserve) and issued their own money so any national debt was a debt to themselves. Japan also started this in the 1930s and kept doing it after WWII.
