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Cambridge, United Kingdom

University of Cambridge

Economics

Language: English Studies in English

Subject area: economy and administration

University website: www.cam.ac.uk

Doctor of Philosophy (PhD)

Economics

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

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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

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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Observation of global carbon cycle

Current global observational and modelling capabilities allow scientists to produce estimates of the carbon budget, but many uncertainties remain. An EU-funded initiative was therefore established to provide more and better data on carbon dioxide (CO2) and methane (CH4) through a global carbon observation and analysis system.

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