Economic theory of the state (19TH CENTURY- )
Economic theory of the state is an analytical framework for examining the role of institutions, taxation and law in the creation of economic models. Source: S de Brunhoff, The State, Capital, and Economic Policy (London, 1978) Economics (/ɛkəˈnɒmɪks, iːkə-/)[1][2][3] is the social science that studies how people interact with value; in particular, the production, distribution, and consumption of goods and services.[4] Economics focuses on