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Charles University in Prague

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Economics at Charles University in Prague »
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⇑Economics at Charles University in Prague

Language: Czech Studies in Czech

Subject area: economy and administration

University website: www.cuni.cz

Years of study: 4

⇑Definitions and quotes

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

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).

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