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Essentials of Economics is a book considered to be one of the best introductory books in the study of economics with several different versions by primarily Mr John Sloman, and then by Paul Krugman, Robin Wells and Kathryn Graddy. Both versions can be found ready to purchase on sites like Amazon or eBay as well as book-specific stores like Waterstones and WH Smith. Given the popularity of the book within the field, you should also be likely to find it in your local library.

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What is the definition of economics by Alfred marshall'?

"Political Economy or Economics is a study of mankind in the ordinary business of life. It examines that part of individual & social action which is most closely connected with the attainment & with the use of material requisites of well-being. Thus, it is on one side the study of wealth and on the other important side it is the study of man." Marshall is the founder of neo-classical school of thought (or the welfare school of economics), and his followers are of the view that on the one hand economics is the study of wealth and on the other hand, it is the study of man, who is more important than wealth. Further they are of the view that material welfare is the primary aim of economics. So economics is the study of material welfare.

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