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Found materials: 59

Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold)."

A definition that captures much of modern economics is that of Lionel Robbins in a 1932 essay: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available resources, there is no economic problem. The subject thus defined involves the study of choices as they are affected by incentives and resources.

Related tags: economic thought, history, politics, white house, sociology, world bank, finance, business, edgeworth, careyhenry

Books: The Economics of Law

The Economics of Law


Economic analysis is increasingly being applied beyond its traditional precincts of the marketplace and the economy. One area where this has happened is in the economic approach to law: the applicatio…

Books: Stochastic methods in economics and finance
Malliaris A.G., Brock W.A., 1999

Stochastic methods in economics and finance


This book will almost certainly become a basic reference for academic researchers in finance. It will also find wide use as a textbook for Ph.D. students in finance and economics.

Books: Statistics and econometrics
Salvatore D., Reagle D., 2002

Statistics and econometrics


Updated and expanded second edition of the internationally bestselling guide to principles and practices for undergraduate business and economics students taking mandatory economics statistics courses…

Books: Microeconomics principles
Temple P.

Microeconomics principles


This book has two purposes. Our goal has been not only to present the major themes of the UCSB principles course clearly and comprehensively, but also to train your mind to reason logically and deduca…

Books: The Economics of Exchange Rates
Lucio Sarno, Mark P. Taylor, Jeffery A. Frankel, 2003

The Economics of Exchange Rates


This book is a survey of exchange-rate economics. Using the latest econometric techniques, it covers the main theories that explain the determination of exchange rates and utilizes recent empirical da…

Books: The economics of the Russian village.
Isaac A. Hourwich

The economics of the Russian village.


The economics of the Russian village.
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