What is economics? Economics is the study of human action and human rationality. It is for this reason that the study of economics is one of the core sciences which are of utmost importance when deciding the future of human society.
Thoughts on liberty
Football, Human Action and Economic Planning
Football is an example of human action outside of the field of economics. Like human action in economics, central planning and coordination cannot produce the same results, and usually only handicaps those teams which use these type of managerial tactics.