• Summary
  • Contents
  • Subject index

In this interdisciplinary text, Lewis R Aiken examines the elements that influence people in the later stages of life. Beginning with an historical overview of gerontology, the author discusses both pragmatic and philosophical concerns within the field. Factors impacting the process and results of ageing are carefully outlined and address such areas as biology, psychology, sociology, economics and politics. The interpersonal variability of the older population is stressed throughout the book, recognizing gender, ethnic, racial and cultural differences. Each chapter concludes with: a thorough review of the material covered; a series of questions and activities designed to enhance the learning experience; and a list of sugges

Economics and Aging
Economics and aging

Chapter Outline

The science of economics, which is concerned with the material well-being of people, focuses on the production, distribution, and consumption of goods and services. The condition of the economy is a matter of great importance in all societies, not only those based on capitalism. But the dominant economic philosophy in the modern world is capitalism, the aim of which is to accumulate wealth for purposes of investment in organizations that produce and distribute goods and services (Atchley, 1991). Unlike cooperative or state ownership, a capitalistic economy allows private

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