1. For insurers, "production" refers to sales.
The sale in question is that of guarantees provided in exchange for premiums. In business management, the use of the expression "production of sales" is very widespread, while in enterprises, other productions are economic by destination. In accounting, a "product" always comes from a sale made (exchange) or from a subsidy received or to be received (transfer).
2. Two productions are in the field of the Objective Political Economy.
One of these outputs is that of sales, in the first place by individuals (work, and placements when they are in exchange for their remuneration); in the second place by enterprises where it leads to the production of Marge margins (positive, zero or negative). The other production is that of transfers, in particular those from individual to individual (inter vivos gifts, inheritances); those organized by the public authorities to provide for their financing and the aid they grant; those from individuals to non-commercial associations.
3. Human beings do nothing without producing and consuming.
But if producing something other than an economic exchange or transfer and consuming anything are acts recognized as being of an economic nature, then every human act is economic. However, if every act of man is more or less reputed to be economic in scholarly circles, the distinction between a subset of economic activities within human activities is erased in these circles.
4. The distinction between the economic and the non-economic is respected on a daily basis.
From the age of reason, we all consider that economic life is only one aspect of life in society, because we find that our actions and those of our fellow human beings are not all related to money and the means of obtaining it. The intuition of the existence of a homogeneous sphere of which money is a main instrument is of course accompanied by remarks that make extensive use of the qualifier "economic", facilitating the accreditation of formulations that are not true definitions of what this sphere is but which nevertheless function as realistic assertions.
5. A large part of human consumption is of economic origin.
Purchased goods and services enter this share, after selling services and goods or receiving a subsidy. This does not mean that consuming is an economic act. Whoever considers that everything that takes part in the possibility and decision of buying and consuming, or that is capable of taking part in it, remains consistent only by admitting that everything is economic, since anything is capable of taking part in this possibility as well as in this decision.
6. Production and consumption are very often made possible only by economic exchanges and transfers.
Admitting that producing and consuming are not, in themselves, economic acts does not negate this obviousness. The qualities and quantities produced and consumed depend largely on the organization of the practice of trade and economic transfers. The object of study and reform constituted by this organization is sufficient to make the proper and useful and important of economic science.
7. This delimitation not only does not detract from the specificity, usefulness, or importance of economic science, but on the contrary reinforces them.
Starting from considerations on the human condition and on the notion of utility in order to draw the elucidations expected from economic science exposes not only the risk of philosophizing badly, but above all of failing these elucidations.
8. A doctrine of the subjective causes of the practice of economic exchanges necessarily makes great deal of the notions of need, scarcity, utility, desire, pleasure, and pain.
When a theorization of economics is based on such a doctrine, the statements that serve as the definition of economics are extracted from it. These statements do not define anything because all human activities satisfy a need by filling a lack; provide pleasure; give pain. By conflating arbitrary notions, the economist inevitably comes to the economy, which is everything and, therefore, nothing in particular, contrary to what happens on a daily basis. The doors are then wide open to imaginary constructions by means of petitions of principle. In any case, the economy, which is everything, is nonsense.