The first basic lesson in economics I ever heard was from my brother. One day, our mom gave me some money in the kitchen and sent me to buy some stuff from the nearby mom and pop grocery store. My brother took me quietly aside in the living room before I could get out of the house, and revealed the supposed root cause of all economic activity.
"Whereya going?" he asked seemingly innocently.
"To Sol's (he was the pop of the store) t'get rye bread and milk" I answered unsuspectingly.
"And whaddya getting for your self?" asking inquisitor style. I just looked up at him with uncomprehending doe eyes.
"Hey! Whennya gonna stop goin' t'the store for free?" he demanded.
"Huh? Whaddya mean? Mom sent me!" I replied, totally uncomprehending.
"Y'can't jus' go for nothin'! Y'gotta get somethin' for y'self, too" he explained.
"Whaddya mean?" Economics wasn't my best subject in school, then or afterwards.
"Let's say mom sendsya to get rye bread, o.k.? You gotta ask for some money t'buy a popsicle, too. Otherwise y'won't go!" he explained patiently. "Get it?"
"Uh huh, think so".
"No", he said with a condescending smile. "When I say: 'Get it?' you answer 'Got it!'. Get it?"
"Uh huh" (I was still the innocent doe).
"No! When I say: 'Get it?' you say: 'Got it!' and then I'll say: 'Good!'" he patiently instructed me on one of the more pertinent lessons for life that he was wont to teach me, out of sincere worry for my future acculturation. "Get it?"
Got it!" I boomed out.
"Good" he said, drawing out the word.
So being dutiful to my brother I went back to my mom and asked for another eight cents to buy a popsicle. My mother didn't seem to be surprised. I guess she knew more about economics than I did. She even smiled a bit; perhaps happy I was learning economics so fast.
It was my first personal encounter with the economic theory of the "profit motive", that it's the quest for profits that motivates human endeavor, ingenuity and achievement. Negatively: no profits – no endeavor. Positively: wheresoever goeth the profit so goeth the doer and shaker.
When the Jewish state was reborn in 1948 there were many Arab states who proclaimed a boycott of