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Brno, Czech Republic

Masaryk University

Economics

Language: English Studies in English

Subject area: economy and administration

University website: www.muni.cz/

Years of study: 4

Economics

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

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Economics

Magnum vectigal est parsimonia.

Economy is a great revenue.

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Economics

Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

Joseph Schumpeter, History of Economic Analysis, 1945. p. 27

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Economics

Men did not make the earth. ... It is the value of the improvements only, and not the earth itself, that is individual property. ... Every proprietor owes to the community a ground rent for the land which he holds.

Thomas Paine, Agrarian Justice (1795–1796).

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