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Rostov-on-Don, Russia

Южный федеральный университет

Economics

Экономика

Language: Russian Studies in Russian

Subject area: economy and administration

University website: sfedu.ru

Economics

Economics () is the social science that studies the production, distribution, and consumption of goods and services.

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Economics

Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.

Janet Yellen, in "The Hand on the Lever" in The New Yorker (July 21, 2014) by Nicholas Lemann

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Economics

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).

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Economics

The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.

L.K. Samuels, In Defense of Chaos: The Chaology of Politics, Economics and Human Action, Cobden Press (2013) p. 16.

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Physical sciences, Earth sciences

A brighter future? Anti-ageing treatment for solar panels

Solar power is potentially an almost limitless resource. The sun provides enough energy in one minute to supply the world’s energy needs for one year. But turning this resource into affordable electricity is difficult – silicon-based solar cells still suffer from a decline in their effectiveness over time. Through her ERC-funded SOLARX project, Professor Hele Savin, of Aalto University in Finland, is investigating a possible route to solving this problem.

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