Vienna, Austria

Economics and Social Sciences

Wirtschafts- und Sozialwissenschaften

Language: German Studies in German
Subject area: social
University website:
Doctor of Philosophy, PhD
6 Semester
180 ECTS
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Living organisms including humans are social when they live collectively in interacting populations, whether they are aware of it, and whether the interaction is voluntary or involuntary.
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.
Economics is, in essence, the study of poverty.
Ronald Max Hartwell, The Long Debate on Poverty (1972), p. 3
Capitalism is the exploitation of man by man; Communism is the exact opposite.
Coluche, "Les syndicats et le délégué," Coluche : l'intégrale, vol. 3, "1989 chez Carrère".
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