Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man.
In developed countries, an increase in the average age of the gravida has been documented. The mean age of primiparous women in Austria rose from 25 years in 1991 to 28 years in 2008. In Germany in 2006, most gravidas were between the ages of 30 and 34 years whereas in the 1970s, most babies were born to women aged 20â24 years.
âOnly when we are so old, only, we are aware of the beauty of life.â Alice Herz Sommer, age 106. A few weeks ago I was in a university library when I happened upon a book quite by accident called Gerotranscendence: A Developmental Theory of Positive Aging by Lars Tornstam, PhD (2005) .s Tornstam puts it, many of us have a tendency to define the present age or time of life as the best one and how the rest of life/our lives should be. We can understand that this may not be true in retrospect, but have difficulty doing so in prospect.