The Principles of Economics

Political economy or economics is a study of mankind in the ordinary business of life; it examines that part of
individual and social action which is most closely connected with the attainment and with the use of the material requisites
of wellbeing.
Thus it is on the one side a study of wealth; and on the other, and more important side, a part of the study of man. For
man's character has been moulded by his every-day work, and the material resources which he thereby procures, more than
by any other influence unless it be that of his religious ideals; and the two great forming agencies of the world's history
have been the religious and the economic.