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Latest comment: 5 months ago2 comments2 people in discussion
The lead is essentially focused on the real economy but makes no mention of financial economics (except to mention finance as one of many fields where economic analysis is used). I think the bigger issue is that the lead should be more generalized to explain what it is economics is all about, whether financial, labor or international economics -it's the study of how resources (eg capital, credit, land, human labor, etc.) may be efficiently allocated under constraints (ie scarcity). This generalized definition applies to all areas of economics and can lead into a discussion of two more generalized concepts: decision making (how individuals, businesses or governments decide to use scarce resources) and markets (what role markets play in allocating resources). Jonathan f1 (talk) 05:45, 29 January 2025 (UTC)Reply
"Real economy" is the right focus to have; finance is essentially an abstraction.
I think the first line, “Economics is a social science that studies the production, distribution, and consumption of goods and services," describes "the study of how resources (eg capital, credit, land, human labor, etc.) may be efficiently allocated under constraints (ie scarcity)" fairly well. "Under constraints" is unnecessary in the sense that all things are done and studied under constraints. Its good to discuss further but unnecessary for a lead.
Latest comment: 5 months ago2 comments2 people in discussion
I don't have my sources with me to add it right now, but the History of economic thought section is completely lacking any Asian (or really any non-Western) thought. From my own limited research I know China was recording economic thought before Christ, and I've read of Islamic economic contributions made around 1000 AD. I know a Western bias is typical but feel there are relevant additions to make here, especially for a field so dominated by the mainstream. I'm happy to take a crack at it once I have my materials. Phoenix2448 (talk) 14:11, 26 February 2026 (UTC)Reply
Latest comment: 1 month ago1 comment1 person in discussion
Solid encyclopedic article. The macroeconomics and microeconomics distinction is handled clearly. The section on behavioral economics could be expanded slightly given its growing influence in the field. Jamsou (talk) 21:17, 25 June 2026 (UTC)Reply