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South Ural State University

Economics

Экономика

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Economics at South Ural State University »
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⇑Economics at South Ural State University

Language: Russian Studies in Russian

Subject area: economy and administration

University website: www.susu.ru/en

⇑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

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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Economics

Give not Saint Peter so much, to leave Saint Paul nothing.

George Herbert, Jacula Prudentum (1651). Reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 216.

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