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Geneva, Switzerland

University of Geneva

Economics

Language: English Studies in English

Subject area: economy and administration

University website: www.unige.ch/

Economics

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

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Economics

How is property given? By restraining liberty; that is, by taking it away so far as necessary for the purpose. How is your house made yours? By debarring every one else from the liberty of entering it without your leave.

Jeremy Bentham, "A Critical Examination of the Declaration of Rights; Article II" in The Works of Jeremy Bentham, Vol. II (1839), p. 503.

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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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Economics

Too often in recent history liberal governments have been wrecked on rocks of loose fiscal policy.

Franklin Delano Roosevelt, request to Congress to effect drastic economies in the government (March 10, 1933); in The Public Papers and Addresses of Franklin D. Roosevelt, 1933 (1938), p. 50.

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Physical sciences, Earth sciences

Permanent nuclear waste burial

Under the auspices of an EU-funded project, researchers are working on ways to dispose of nuclear waste underground and seal it off with specialised plugs. If the project succeeds, the first permanent geological repositories could be operating in Europe by 2025.

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