Definition of Economics

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Definition of Economics
	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

Did you ever think that making a speech on economics is a lot like pissing down your leg? It seems hot to you, but it never does to anyone else.
Lyndon B. Johnson

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

Religion and art spring from the same root and are close kin. Economics and art are strangers.
Nathaniel Hawthorne

Economics is a subject that does not greatly respect one's wishes.
Nikita Khrushchev

In economics, the majority is always wrong.
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

Economics is extremely useful as a form of employment for economists.
John Kenneth Galbraith

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
John Kenneth Galbraith

Economics Translations

economics in Dutch is economie
economics in German is Wirtschaftlichkeiten, Volkswirtschaftslehre
economics in Portuguese is economia
economics in Swedish is nationalekonomi

Quotes