ABSTRACT

Economic issues are a major concern for contemporary individuals, households, communities and governments. Economic growth and decline, wealth and poverty, employment and unemployment, productivity and inefficiency, freedom of choice and inequalities of economic power - these represent some of the most pressing reference points by which the welfare of individuals, households, communities and governments are judged. While there are major differences concerning the priority that should be accorded economic matters, no-one can ignore their importance in modern life without being branded a hopeless utopian.