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Economics   /ˌɛkənˈɑmɪks/  /ˌikənˈɑmɪks/   Listen
Economics

noun
1.
The branch of social science that deals with the production and distribution and consumption of goods and services and their management.  Synonyms: economic science, political economy.



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"Economics" Quotes from Famous Books



... damages in the future, with the certainty of further and larger expenditures to combat them. It has been pointed out that no such thing really exists as flood control, but only a given degree of flood protection. Economics and technology dictate that reservoir capacities devoted to the storage of flood water, for example, be considerably smaller than the maximum runoff conceivably possible. This means that sooner or later there is going ...
— The Nation's River - The Department of the Interior Official Report on the Potomac • United States Department of the Interior

... night Mr. Pulitzer devoted his whole attention to laying bare the vast areas of ignorance on the map of my information. He carried me from country to country, from century to century, through history, art, literature, biography, economics, music, the drama, and current politics. Whenever he hit upon some small spot where my investigations had lingered and where my memory served me he left it immediately, with the remark, "Well, I don't care about that; that ...
— An Adventure With A Genius • Alleyne Ireland

... not even for a minute!) Then Father said, "Well, if you could run over these, I'd have time to have some ball with the seminar after they're dismissed. These are the papers the Freshmen handed in for that Economics quiz." Mother said, "Sure she could," or the equivalent of that, and Father thanked her, turned Judith upside-down and right-side-up again so quick that she didn't know what had happened, and left them all laughing as they usually were when Father ...
— The Bent Twig • Dorothy Canfield

... measures of meal, which together make an ephah, were the understood quantity of an ordinary batch in the economics of a family, and as such are several times incidentally mentioned in the Scriptures of the Old Testament. See, for example, the preparation of bread by Sarah, as it is narrated in Gen. xviii. The various suggestions which inquirers have made regarding the specific significance ...
— The Parables of Our Lord • William Arnot

... Attorney. In 1920 another, Miss Frances H. Wilson, was assistant district attorney. On the teaching force of the State University at Berkeley were ninety-three women in December, 1919, including Dr. Jessica Peixotto, full professor of economics, three associate and seven assistant professors and two assistant professors in the medical college. At Leland Stanford Junior University are one woman professor emeritus (psychology); two associate professors, eight assistant professors—over 40 ...
— The History of Woman Suffrage, Volume VI • Various

... unquestionably good private life, and they were merely taking the extreme individualistic view of the rights of property and the freedom of individual action upheld in the laissez-faire political economics. The mines were in the State of Pennsylvania. There was no duty whatever laid upon me by the Constitution in the matter, and I had in theory the power to act directly unless the Governor of Pennsylvania or the Legislature, if it were in session, should notify me that Pennsylvania could not ...
— Theodore Roosevelt - An Autobiography by Theodore Roosevelt • Theodore Roosevelt

... have spent most of it in what to them would be fripperies in time of peace. It may be, it is, all to the good that luxurious tastes should be clipped from the wealthy, and a higher standard of living secured to the workers, but this is rather a matter of distribution and social health than of economics in relation to the ...
— Another Sheaf • John Galsworthy

... Professor might lecture in the accepted way. This is surely the proper method of work for adolescent students in any subject, in philology just as much as in comparative anatomy, and in history just as much as in economics. The cheapening of printing, paper, and, above all, of illustration has done away with the last excuse for the vocal course of instruction and the lecturer's diagrams. But it has not ...
— Mankind in the Making • H. G. Wells

... lost the old belief and the old love," went on the Angel. "Now you have studied books and read wise men's sayings. You understand the higher criticism, and the higher charity, and the higher egoism. You don't believe in mere giving. You don't believe in the Christmas economics,—you know better. But are you ...
— The Christmas Angel • Abbie Farwell Brown

... taken by Mr. Roosevelt is quite different. To him the economics of the case appeal with the same force that they might have for any hard-headed, common sense business American; but beyond this, and perhaps, if the secrets of his heart were known, more than this, Mr. Roosevelt is ...
— American Big Game in Its Haunts • Various

... 1910, that the author came to Princeton for an interview with President Woodrow Wilson concerning an appointment as Instructor in the Department of History, Politics, and Economics. He was elated when President Wilson engaged him, though not happy over the $1,000 salary. Yet with this sum to fall back on he borrowed $200, and took ...
— Virginia under the Stuarts 1607-1688 • Thomas J. Wertenbaker

... GREATEST BOOKS have been collected, and are alphabetically arranged, in ten different divisions,—namely, Fiction, Lives and Letters, History, Religion, Philosophy, Economics, Science, Poetry and Drama, Travel and Adventure ...
— The World's Greatest Books, Vol. I • Various

... that there is a settled law in economics, that in the case of any article of general use and necessity, a reduction in the price may be expected to produce at least a corresponding increase of consumption, and in many cases a very largely increased expenditure. So ...
— Cheap Postage • Joshua Leavitt

... commerce of the country. The government was logically and politically right; and the Whigs left the impression upon the country, by the bill itself, and the arguments by which they conducted it through the house, that they had been of late successful students in the important department of economics. A considerable stir among the wealthy and influential body of English citizens, the Society of Friends, was created, by the support which Mr. Bright, Mr. Crewdson, and others of the Quakers of the north of ...
— The History of England in Three Volumes, Vol.III. - From George III. to Victoria • E. Farr and E. H. Nolan

... sabbath of misrule. The forms of the community emerged from the gust-blown vestments, the dean of studies, the portly florid bursar with his cap of grey hair, the president, the little priest with feathery hair who wrote devout verses, the squat peasant form of the professor of economics, the tall form of the young professor of mental science discussing on the landing a case of conscience with his class like a giraffe cropping high leafage among a herd of antelopes, the grave troubled prefect of the sodality, the plump round-headed professor of Italian with his rogue's ...
— A Portrait of the Artist as a Young Man • James Joyce

... hands of that high class—now old, then new—the Cromwells and Russells and the rest, upon whom has since depended the greatness of the country. The intensive spirit proper to a teeming but humble population was forgotten. The extensive economics of the great owners, their love of distances and of isolation took the place of the old agriculture. Within a generation the whole land ...
— Hills and the Sea • H. Belloc

... economics or political economy was little developed in the seventeenth century, Colbert realized that the chief object of a minister of finance should be the increase of the national wealth. Hence he tried in every way to foster manufactures and commerce. Among other measures Colbert ...
— EARLY EUROPEAN HISTORY • HUTTON WEBSTER

... to fifty cents an acre in the corn belt," Percy replied; "but, in a course I took in economics, I learned that the taxes do not vary in proportion to land values. Poor lands, if inhabited, must always pay heavy taxes; whereas, large areas of good land carry lighter taxes compared with their earning capacity. You must provide your regular expenses for county officers, county courthouse, ...
— The Story of the Soil • Cyril G. Hopkins

... Army as a teacher of questionable ethics and of eccentric economics, as the legal adviser who recommends and practices the extraction of money by intimidation, as the fairy godmother who proposes to "mother" society, in a fashion which is not to my taste, however much it may commend itself to some ...
— Evolution and Ethics and Other Essays • Thomas H. Huxley

... a passionate love for game-cocks. He allowed no woman on his place in any capacity, and, by the sounds day and night, he kept at least a thousand roosters. He would drop the profoundest discussion of philosophy or economics at the mention of a chicken, and with a tender smile plunge into an endless ...
— The One Woman • Thomas Dixon

... and scanned the keen face with renewed interest. "I have heard it stated that the measure of a country's industrial progress depends largely on the degree to which it produces steel and iron. Now I'm no student of economics, but the assertion seems reasonable. Your countrymen across Lake Superior have, I know, enormous deposits, and of course there's not a question as to their industrial progress, but so far as I have ascertained ...
— The Rapids • Alan Sullivan

... light and a new hope came into Farwell's sad eyes. He had a hold on the future! With the possibility of supplanting Ledyard in Pine's ideas of loyalty and economics what might not happen? ...
— The Place Beyond the Winds • Harriet T. Comstock

... in engineering work is made of either Portland, natural or slag cement, and the great bulk of all concrete is made of Portland cement. Only these three varieties of cement are, therefore, considered here and they only in their aspects having relation to the economics of construction work. For a full discussion of the chemical and physical properties of hydraulic cements and for the methods of determining these properties by tests, the reader is referred to "Practical Cement ...
— Concrete Construction - Methods and Costs • Halbert P. Gillette

... the principal laws of motion which I have observed at work in various States and nations. Inasmuch as political science embraces, in addition to the physical sciences, all those branches which are contained in ethics, economics, jurisprudence, sociology and others, the laws of each are generally applicable to the whole grand subject of which my lectures treat. Other general laws may be deduced, and have been enumerated in my previous lectures, from the social properties ...
— The Romance of Mathematics • P. Hampson

... free-market economics, freezing spending, easing price controls, liberalizing domestic and international trade. Mongolia's severe climate, scattered population, and wide expanses of unproductive land, however, have constrained economic development. Economic activity traditionally has been based on ...
— The 1998 CIA World Factbook • United States. Central Intelligence Agency.

... We might have led the world into a new epoch if at that moment we had laid down our sword, taken up our cross, and followed the Prince of Peace. But we were cold, cold. We had no idealism. We were poor sceptics trusting to economics—the ...
— Painted Windows - Studies in Religious Personality • Harold Begbie

... by adding wealth—taking, for example, from a thousand labourers to give to one king—you are supersaturating a sensibility already glutted by taking away from others a great amount of real happiness. With this argument, which has of late years become conspicuous in economics, he connects another of primary importance. The first condition of happiness, he says, is not 'equality' but 'security.' Now you can only equalise at the expense of security. If I am to have my property taken away whenever it is greater ...
— The English Utilitarians, Volume I. • Leslie Stephen

... arts. Music refuses to give up its secrets in a formula and at last eludes the sciolist with his ever-ready theorem. But still, all musicians are not dreamers. Zelter, for instance, was a most hard-headed, practical man: a positivist and mathematician with a turn for economics, and a Gradgrind for facts. He was a stone-mason, and worked at his trade at odd times all through his life, just because he felt it was every man's duty to work with his hands. Imagine Tolstoy playing the piano and composing instead of making shoes, ...
— Little Journeys to the Homes of the Great - Volume 14 - Little Journeys to the Homes of Great Musicians • Elbert Hubbard

... students naturally gravitated to the department whose lines they are best fitted to follow. The Stanford departments numbered 23, as follows: Greek, Latin, German, Romantic languages, English, philosophy, psychology, education, history, economics, law, drawing, mathematics, physics, chemistry, botany, physiology, zoology, entomology, geology and mining, civil engineering, ...
— Complete Story of the San Francisco Horror • Richard Linthicum

... seized what he most wanted in courses on Philosophy and Economics. "His was a mind of many facets and hospitable in its interest," says his college and lifelong friend, Adolph C. Miller, "but his years at Berkeley were devoted mainly to the study of Philosophy and Government, and kindred subjects. He was a leading figure ...
— The Letters of Franklin K. Lane • Franklin K. Lane

... of pale stucco like spattered clay, and the roof red-tiled. Littlefield was the Great Scholar of the neighborhood; the authority on everything in the world except babies, cooking, and motors. He was a Bachelor of Arts of Blodgett College, and a Doctor of Philosophy in economics of Yale. He was the employment-manager and publicity-counsel of the Zenith Street Traction Company. He could, on ten hours' notice, appear before the board of aldermen or the state legislature and prove, absolutely, with figures all in rows ...
— Babbitt • Sinclair Lewis

... of Household Science, University of Illinois. Author U.S. Government Bulletins, "Development of the Home Economics ...
— Study of Child Life • Marion Foster Washburne

... present professor of Old Testament Language, Literature and Theology in the United Free Church College, Glasgow. He is author of "The Historical Geography of the Holy Land," "Jerusalem, the Topography, Economics and History from the Earliest Time to A.D. 70" (1908). He is generally regarded as one of the most ...
— The World's Great Sermons, Volume 10 (of 10) • Various

... opinions and degree of education of a man of to-day, whatever his shade of liberalism, whatever his school of philosophy, or of science, or of economics, however ignorant or superstitious he may be, every man of the present day knows that all men have an equal right to life and the good things of life, and that one set of people are no better nor worse than another, ...
— The Kingdom of God is within you • Leo Tolstoy

... These economics have taken us a long distance from the ranch and its Orientals. The Japanese contingent were mainly occupied with the fruit, possessing a peculiar deftness in pruning and caring for the prunes and apricots. The Chinese had to do with irrigation and with the vegetables. Their broad, woven-straw ...
— The Killer • Stewart Edward White

... economics teacher attracted the attention of all the colored farmers and also the white visitors by constructing out of dry goods boxes an attractive and substantial dresser and washstand, completing the same before the audience, ...
— Booker T. Washington - Builder of a Civilization • Emmett J. Scott and Lyman Beecher Stowe

... to proclaim himself the pupil of Adam Smith in politics and in economics, found himself, a quarter of a century after these words were written, in a position to carry out, in face of great difficulties and dangers at home and abroad, the beneficent reform advocated by his great master—a reform which, as we have ...
— Against Home Rule (1912) - The Case for the Union • Various

... extravagance are ruinous. The property of the country, like the freedom of the country, belongs to the people of the country. They have not empowered their Government to take a dollar of it except for a necessary public purpose. But if the Constitution conferred such right, sound economics would forbid it. Nothing is more, destructive of the progress of the Nation than government extravagance. It means an increase in the burden of taxation, dissipation of the returns from enterprise, ...
— Complete State of the Union Addresses from 1790 to the Present • Various

... dismantlement of the USSR. The following decade saw Mongolia endure both deep recession because of political inaction and natural disasters, as well as economic growth because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. Severe winters and summer droughts in 2000-02 resulted in massive livestock die-off and zero or negative GDP growth. This was compounded by falling prices for Mongolia's primary ...
— The 2008 CIA World Factbook • United States. Central Intelligence Agency.

... little if behind her word there did not exist the strength to make it good and material resources to fall back on when the demand comes. That these exist in Sweden will be shown in the following with some data of Sweden's economics. ...
— New York Times Current History: The European War, Vol 2, No. 1, April, 1915 - April-September, 1915 • Various

... Catholic University of Washington, consented, with gracious, characteristic urbanity, to read Chapters VI and VIII and a part of Chapter I. I am grateful to Professor N. S. B. Gras, of the University of Minnesota, for reading that part of the book directly concerned with economics (Chapter XI and a part of Chapter X); and to Professor Frederick A. Saunders, of Harvard, for a like service in technical revision of the section on science in Chapter XII. While acknowledging with hearty thanks the priceless services of these eminent scholars, it is only ...
— The Age of the Reformation • Preserved Smith

... Everything,—shall we say?—is to be regarded as an open question. That is, perhaps, a common impression in the popular mind. Yet, on the other hand, we may find some very able thinkers applying mathematical formulae to economics; and that seems to suppose, that within a certain region they obtain results comparable in precision and accuracy to those of the great physical sciences. The topic is a very wide one; and it would be presumptuous ...
— Social Rights and Duties, Volume I (of 2) - Addresses to Ethical Societies • Sir Leslie Stephen

... virtue. There were few departments of public affairs in which he did not point out the deficiencies and devise ingenious plans for improvement. Most of his numerous writings are projets—schemes of reform in government, economics, finance, education, all worked out in detail, and all aiming at the increase of pleasure and the diminution of pain. The Abbe's nimble intelligence had a weak side, which must have somewhat compromised his ...
— The Idea of Progress - An Inquiry Into Its Origin And Growth • J. B. Bury

... becoming the new units. This is true of all classes of men, the employer as well as the employee. The true justification for the American anti-monopoly statutes, including the Sherman anti-trust law, lies not so much in the realm of economics as in that of morals. With the submergence of the individual, whether he be capitalist or wage-earner, into a group, there has followed the dissipation of moral responsibility. A mass morality has been substituted for individual morality, and unfortunately, group morality generally intensifies ...
— The Constitution of the United States - A Brief Study of the Genesis, Formulation and Political Philosophy of the Constitution • James M. Beck

... to the point where the lovers had their first embrace, then turned to poems by women, which were pervaded with a melancholy derived perhaps from disillusionment. As a corrective she read the books on world politics, economics, esthetic philosophy. In these last she found, eloquently expressed, the most characteristic argument of the times—a persuasion to that self-abandonment which follows materialism and moral skepticism, an announcement ...
— Sacrifice • Stephen French Whitman

... because of its peculiarly contemporary appeal today. Its satire needs no learned paraphernalia of footnotes; it can be readily understood and appreciated by readers in an age dominated on the one hand by economics and on the other, by science. Its satire— not too subtle—is as pertinent in our own period as it was two hundred years ago. Its irony is concerned with stock exchanges and feverish speculation. It is a tale of incredible inflation and abrupt and devastating depression. Its "voyage to the moon" ...
— A Voyage to Cacklogallinia - With a Description of the Religion, Policy, Customs and Manners of That Country • Captain Samuel Brunt

... no means a recurrence to the old antithesis of religion and civilisation, as if these were contradictory elements. On the contrary, it is but to show that the present world of religion and of economics are not two worlds, but merely different aspects of the same world. Therewith it is not alleged that religion has not a ...
— Edward Caldwell Moore - Outline of the History of Christian Thought Since Kant • Edward Moore

... importance is our actions. It is not enough merely to strive after moral development. One must strive after economic and social development. Some religious people think only of the spiritual life and have no sympathy with economics. The labours of such religious people must be ...
— The Foundations of Japan • J.W. Robertson Scott

... appeal was the patriotic one. Save your money to save your country. Throw your silver bullets at the enemy. We have not been content to say only "save," we have tried to educate our people on finance and economics. We have tried to show them that no country can go on in a struggle like this unless it conserves its resources—not even the richest countries. We have tried to appeal to the spirit behind all these things and our Chairman in one of his admirable ...
— Women and War Work • Helen Fraser

... value, and at that time Adams enjoyed lecturing Augustus St. Gaudens, in hours of depression, on its economics: "Honestly you must admit that even if you don't pay your expenses you get a certain amount of advantage from doing the best work. Very likely some of the really successful Americans would be willing you should come to dinner sometimes, if you did not ...
— The Education of Henry Adams • Henry Adams

... "Natural Theology," were added to their classical and mathematical studies during the third year. Geology and calculus were introduced the fourth year, as well as courses in philosophy, moral science, psychology, logic, economics, and political science. No modern languages, medieval or modern history, or laboratory courses in science, save what practical demonstrations could be made from the cabinet of minerals, were offered, to say nothing of engineering, architecture, ...
— The University of Michigan • Wilfred Shaw

... says of it: "It is universally considered as the best epitome we have of the first volume of 'Capital,' and as such, is invaluable to the beginner in economics. It places him squarely on his feet at the threshold of his inquiry; that is, in a position where his perceptive faculties cannot be deceived and his reasoning power vitiated by the very use of his eyesight; whereas, by the very nature of his ...
— Manifesto of the Communist Party • Karl Marx



Words linked to "Economics" :   productivity, use, nominal, Gresham's Law, economics department, microeconomics, theory of games, social science, game theory, finance, use of goods and services, marginal utility, spillover, econometrics, oligopoly, usance, capital account, inflationary, easy, monopsony, real, economic theory, consumption, moral hazard, deflationary, utility, monopoly, production, tight, economic consumption



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