Yekaterinburg, Russia

Knowledge Economics

Language: English Studies in English
Subject area: economy and administration
University website: urfu.ru/en/
3 years
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Knowledge
Knowledge is a familiarity, awareness, or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education by perceiving, discovering, or learning.
Knowledge
Faites comme si je ne le savais pas.
Act as though I knew nothing.
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).
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
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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