Economics

Economics is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social science ...more

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Adam Smith
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations

Thomas Sowell
Despite a voluminous and often fervent literature on "income distribution," the cold fact is that most income is not distributed: It is earned. ...more
Thomas Sowell

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Behavioral Science Group Hello everyone! A group for anyone interested in behavioural economics and social sciences, all…more
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Tags contributing to this page include: economics, economic, economics-and-finance, economics-finance, finance-and-economics, finance-econ, finance-economics, and finance-economy