What is the social science that studies the production, distribution, and consumption of goods and services?
A definition that captures much of modern economics is that of ____________ in a 1932 essay: "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
This means that available resources are insufficient to satisfy all wants and needs. What is this?
Who attempted to explain in broad theoretical detail why high labor-market unemployment might not be self-correcting due to low "effective demand" and why even price flexibility and monetary policy might be unavailing?