London, United Kingdom

Economics

Language: English Studies in English
Subject area: economy and administration
University website: www.qmul.ac.uk
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics
To have peace and not war, the drift toward a war economy, as facilitated by the moves and the demands of the sophisticated conservatives, must be stopped; to have peace without slump, the tactics and policies of the practical right must be overcome. The political and economic power of both must be broken. The power of these giants of main drift is both economically and politically anchored; both unions and an independent labor party are needed to struggle effective.
C. Wright Mills, The New Men of Power (1948).
Economics
The blunt truth about the politics of climate change is that no country will want to sacrifice its economy in order to meet this challenge.
Tony Blair, address to the 2005 G8 climate change summit in London, as reported by David Adam, "Blair signals shift over climate change", The Guardian, 1 November 2005.
Economics
Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of what happens when you do specific things in specific ways. In economic analysis, the methods used by a Marxist economist like Oskar Lange did not differ in any fundamental way from the methods used by a conservative economist like Milton Friedman.
Thomas Sowell, Ch. 1 What is Economics? in Basic Economics
When you think about the Earth’s oceans you probably imagine stretches of deep, dark water, exotic marine life and pristine waves. You probably don’t think of vast islands of plastic waste such as the Great Pacific Garbage Patch, an expanse of rubbish which some say is bigger than the continental United States. It was feared that collections of plastic debris like this were growing in line with our increasing rates of plastic production over the past decades. However, scientists have recently discovered that these floating eyesores are mysteriously receding – and that’s actually not a good thing…
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