--wikipedia
The dismal science
--Thomas Carlyle
The mechanics of utility and self interest.
--W.S. Jevons
A study of mankind in the ordinary business of life
--Alfred Marshall
Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.
--Lionel Robbins
The study of how the forces of supply and demand allocate scarce resources
--investorwords.com
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
--F.A. Hayek
6 comments:
"Economics is the science of choice."
- me (to students in my principles courses)
Adam Smith's title is a good definition of macro:
"An Inquiry into the Nature and Causes of the Wealth of Nations"
The spice of life?
"what you thought you understood."
Economics is the study of the chaotic, non-linear, difficult - maybe impossible - to predict course of financial outcomes that hypocrites...err...I mean skeptics invoke when they bitch about climate being too chaotic, non-linear, difficult - maybe impossible - to predict the course of global warming.
-zimaroll
Marketing: the curious task of demonstrating to women (and men) how little they really need to know about the things they imagine they need.
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