Title of Course: Economics 101
Black Power Economics: The Building Blocks
Mba Mbulu, Instructor
Copyright 1998 - 2002, 2016, 2020 ASET, M. Mbulu All rights to everything on this web site are reserved.
Read the essay below. Afterwards,
try to get the best understanding you can of the following questions.
(1) What is your understanding of economics?
(2) Is it necessarily relevant that some economic systems are
more highly organized than others?
(3) What areas are at the core of an economic system?
(4) Is there something more fundamental to an economic system
than goods, services, profits and incomes?
Class #1: Economics and Black Power Economics [Audio Version]
Economics is a science. By that, I mean it is an organized system of activities (some economic systems are more highly organized than others), as opposed to a random series of activities. This will be one of several classes that asks fundamental Economics questions, and answers those questions as simply as possible. The question for this class is, "What, in fact, is Economics?
What, in fact, is Economics?
Economics is that element of a social
structure that concerns itself with the production, distribution
and consumption of wealth. Economics, then, is the management
of wealth; the management of the goods, services and expenditures
of not only a community or state, but of a household as well.
As a management science, Economics also addresses other issues
of wealth; those that revolve around health, education, labor,
finances, taxation, retirement and the like.
We have to stop focussing on or revolving Our thoughts around
money when We talk about economics. We must remember that, as
important as it is, money is only an economic tool. There are
other tools that should be and can be much more important than
money. Black People in the United States have to develop an understanding
of and appreciation for those other tools, and learn how to use
those other tools to help establish an economic system that is
more to Our liking.