d upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused oThe word “economics” comes from the ancient Greek words “oikos” and “nomos,” which mean, respectively, the “family estate” and “laws of man” (as opposed to “physis,” the laws of nature). One can reasonably infer from this knowledge that economics has existed in some form since even Antiquity. It follows that there a multiplicity of economic theories must have been created and expounded upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused onively, the “family estate” and “laws of man” (as opposed to “physis,” the laws of nature). One can reasonably infer from this knowledge that economics has existed in some form since even Antiquity. It follows that there a multiplicity of economic theories must have been created and expounded upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused on reasonably infer from this knowledge that economics has existed in some form since even Antiquity. It follows that there a multiplicity of economic theories must have been created and expounded upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused oty. It follows that there a multiplicity of economic theories must have been created and expounded upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused od upon since then. Since Adam Smith’s famous “Wealth of Nations,” modern economics has focused on measuring the health of national economies. More recently, this macroeconomic approach to things has been contrasted with microeconomics, whose focus is on the transfer of wealth on a smaller, individual scale. An example of such contrasts are the contemporary measures of economic well-being: GDP and GDP per capita represent the macroeconomic approach to calculating wealth, while the