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## The Scope of Economics

Most students who study economics for the first time are surprised by the wide range of what they study. Some think that economics will teach them about the stock market or what to do with their money. Others believe that economics deals exclusively with issues like inflation and unemployment. In reality, it deals with all these topics, but they are parts of a much larger puzzle. Economics has deep roots and close ties with social philosophy. One issue of great importance to philosophers is justice in distribution. Why are some people rich while others are poor? Regardless of the answer, is this fair? A number of nineteenth-century social philosophers addressed these questions, and from their reflections, economics emerged as a separate discipline.