Economics
The science of household affairs, or of domestic management.
Political economy; the science of the utilities or the useful application of wealth or material resources. See Political economy, under Political.
Related Definitions:
Application,
Domestic,
Economy,
Household,
Management,
Material,
Of,
Or,
Political,
Science,
See,
The,
Under,
Useful,
Wealth
Economics Quotations
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Warren Buffett
Geography has made us neighbors. History has made us friends. Economics has made us partners, and necessity has made us allies. Those whom God has so joined together, let no man put asunder.
John F. Kennedy
In economics, the majority is always wrong.
John Kenneth Galbraith
Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
John Kenneth Galbraith
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
Thomas Sowell
The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.
James Thurber
Religion and art spring from the same root and are close kin. Economics and art are strangers.
Nathaniel Hawthorne
Too many people think that economics is this subject that should wait until the university level. But it can't wait that long.
Robert Duvall
Economics Translations
economics in Dutch is economie
economics in German is Wirtschaftlichkeiten, Volkswirtschaftslehre
economics in Portuguese is economia
economics in Swedish is nationalekonomi
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