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University of Strathclyde

Economics

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Economics at University of Strathclyde »
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⇑Economics at University of Strathclyde

Language: English Studies in English

Subject area: economy and administration

Kind of studies: full-time studies

University website: www.strath.ac.uk

Doctor of Philosophy (PhD)

⇑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

Magnum vectigal est parsimonia.

Economy is a great revenue.

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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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Green electricity from low-temperature heat

EU-funded scientists successfully developed a system that generates electricity from low-temperature waste heat ranging from 60 to 120 °C. Harnessing low-grade heat should help to significantly mitigate the negative environmental impact of industrial plants.

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