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Longman Dictionary of Contemporary English
economics/sports/political etc editor
home economics
laissez-faire economics/capitalism
professor of Chinese/economics/religion etc
▪ She’s been named the professor of English.
supply-side economics
voodoo economics
▪ Not so in new classical economics.
▪ Science policy and science studies; Industrial economics.
▪ We want to see such wastes dealt with to the highest possible standards in ways that are consistent with industrial economics.
▪ Marketing, sales and distribution; Industrial economics.
▪ Thinking he would like to work in business, he studied industrial economics at Nottingham University, where he gained a 2.1.
▪ Technology and innovation; Industrial economics.
▪ It is the structural nature of centre-periphery relations that explains the nature of international politics and economics.
▪ The Labour government was elected at a time when Keynesian economics was moving towards being accepted as economic orthodoxy.
▪ The Labour Ministers were educated in the language and concepts of Keynesian economics by the academic economists in the government.
▪ His views on the kind of action which would be needed changed as he was educated in Keynesian economics after 1942.
▪ The economists Clower and Leijonhufvud have argued that a distinction needs to be drawn between Keynesian economics and the economics of Keynes.
▪ It made the rough and ready assumption that the underlying cure of unemployment would be provided by Keynesian economics.
▪ However critics of Keynesian economics consider that labour markets would clear if government and institutional impediments to greater flexibility were removed.
▪ The result was a triumph for Keynesian economics: a vigorous and expanding universe, filled with material objects.
▪ Business and labour history; Labour economics.
▪ Second, Marxism is a challenge to the liberal view of economics.
▪ This marked a break with liberal economics and its traditional competitive model.
▪ Against this powerful combination of socialism and nationalism, liberal economics stood little chance.
▪ Perhaps it is time we had a choice between parties which agree that liberal free-market economics are here to stay.
▪ In the eyes of many, especially Washington, he succeeded, with a free press, elections and liberal economics.
▪ Formalizing Adam Smith's remarkable insight of the Invisible Hand, this result is the foundation of modern welfare economics.
▪ I can promise you that. Simple economics - I can't afford to leave it lying idle.
▪ To a certain degree, the rush to get on line boils down to simple economics.
Business and labour history; Business economics.
▪ Science policy and science studies; Business economics.
▪ The economics department at Ripon Grammar School have set up a small business producing items connected with the history of the city.
▪ Mr Bolona, the new finance minister, is a former head of the institute's economics department.
▪ Wells Fargo declined to comment on how much it might save by eliminating the economics department.
▪ Now Fuchs is a particularly good advertisement for health economics, precisely because he is no genius.
▪ Evaluation of the cost effectiveness of drug treatment is in its infancy, and health economics can inform the debate.
▪ The workshop and home economics area were also impressive, and the school had three computers.
▪ They had their civics and home economics.
▪ Plans exist to extend the list of short courses to business studies, geography, history, media studies and home economics.
▪ I am wearing a full circle-cut cotton skirt, my first, which I have made in home economics class.
▪ Once a week the boys went to shop and the girls to home economics.
▪ As recently as the 1970s, home economics classes taught students to plan menus incorporating food from each group every day.
▪ We are by nature the Party of free enterprise and market economics.
▪ You would have expected a convert to free market economics to have been equally scathing of both public service corporations.
▪ In some industries and markets, it is still a major factor in market economics.
▪ Amen to that. Market economics is about efficiency, not morality.
▪ As far back as the Middle Ages, price promotion was used as a way to develop market economics.
▪ The anti-institutional approach of market economics is, moreover, very narrowly conceived.
▪ At this point the similarity between market economics and Keynesianism becomes apparent.
▪ His economics minister is talking of currency union between the two Germanies by July.
▪ Embassy officials have said that Makharadze, an economics minister, had diplomatic immunity.
▪ Their partners, the Free Democrats, have lost their economics minister.
▪ Monetarist ideas had considerable influence among economics ministers.
▪ Until recently, Dole was openly contemptuous of the supply side economics espoused by Kemp and other conservatives.
▪ Every novice student learns the elementary propositions of welfare economics.
▪ Two themes recur throughout our discussion of welfare economics in Part 3.
▪ In Chapter 8, where welfare economics was introduced, we stated a very important condition for an increase in economic welfare.
▪ Summary 1 Welfare economics deals with normative issues or value judgements.
▪ The theory challenges the assumption of orthodox welfare economics that the existence of market failure is sufficient reason for governmental intervention.
▪ Formalizing Adam Smith's remarkable insight of the Invisible Hand, this result is the foundation of modern welfare economics.
▪ In welfare economics we are taught that to internalize externalities by appropriate contracts is socially desirable.
▪ Theoretical approaches based on neo-classical economics certainly agree that inequalities may develop between regions within a country.
▪ Marxism, my friend, has studied economics and the social classes.
▪ Thinking he would like to work in business, he studied industrial economics at Nottingham University, where he gained a 2.1.
▪ He spent his vacation last year studying economics at Harvard, according to his sister Tamara, who visited him in Washington.
▪ Charman had moved to Leeds from his home town of Brighton to study economics and sociology at the university.
▪ And the more people studied economics, the more an economics degree became a requirement for a job on Wall Street.
▪ I studied politics, economics, like my Pop.
▪ For example, you may not be allowed to study, say, economics unless you also take statistics or computing.
▪ I was teaching economics and watching people die on the streets when I began doubting what I had learned from the textbooks.
▪ Smith never taught a course in economics; in fact, Smith never even took a course in economics.
▪ Among the famous professors in the program were Rexford Tugwell, who was teaching economics.
▪ The principal directed her to stop discussing school politics, to teach economics, and to use more conventional teaching methods.
▪ Nobel Prize-winning economist Milton Friedman once lamented that since everyone handles money, there are many know-nothings who think they understand economics.
▪ Does she have the minimum technical and business skills needed to understand the economics of solution selling?
▪ He knows very little about economics or international finance.
▪ He studied economics at Harvard University.
▪ Keynes's theories have had an important influence on modern economics.
▪ The economics of building new subway lines are being studied.
▪ A knowledge of development economics and the challenges faced by a small, developing country would be an advantage.
▪ He received a master's degree in agricultural economics and a doctorate in economics and marketing from Cornell University.
▪ However, at present, the economics of using solar-produced electricity to produce hydrogen from water by electrolysis are poor.
▪ In economics, its use is a blend of two ideas, abstraction and pure problem-solving.
▪ Mr Coase asked if this analysis was good economics, and showed that it was not.
▪ Once a week the boys went to shop and the girls to home economics.
▪ The reader will soon discover that I think very little of certain of the central ideas of economics.
▪ Whereas the endangered species listing is determined solely upon scientific data, economics play a role in deciding critical habitat.
The Collaborative International Dictionary

Economics \E`co*nom"ics\ ([=e]`k[o^]*n[o^]m"[i^]ks), n. [Gr. ta` o'ikonomika`, equiv. to "h o'ikonomi`a. See Economic.]

  1. The science of household affairs, or of domestic management.

  2. Political economy; the science of the utilities or the useful application of wealth or material resources; the study of the production, distribution, and consumption of goods and services of a nation or region, and its effect on the wealth of a country. See Political economy, under Political. ``In politics and economics.''
    --V. Knox.

Douglas Harper's Etymology Dictionary

1580s, "art of managing a household," perhaps from French économique (see economic); also see -ics. Meaning "science of wealth" is from 1792.


n. (context social sciences English) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.


n. the branch of social science that deals with the production and distribution and consumption of goods and services and their management [syn: economic science, political economy]


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 from (, "house") and (, "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 sciences.

Economics focuses on the behaviour and interactions of economic agents and how economies work. Consistent with this focus, primary textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behaviour of basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses the entire economy (meaning aggregated production, consumption, savings, and investment) and issues affecting it, including unemployment of resources (labour, capital, and land), inflation, economic growth, and the public policies that address these issues (monetary, fiscal, and other policies).

Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and behavioural economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus").

Besides the traditional concern in production, distribution, and consumption in an economy, economic analysis may be applied throughout society, as in business, finance, health care, and government. Economic analyses may also be applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment. Education, for example, requires time, effort, and expenses, plus the foregone income and experience, yet these losses can be weighted against future benefits education may bring to the agent or the economy. At the turn of the 21st century, the expanding domain of economics in the social sciences has been described as economic imperialism. The ultimate goal of economics is to improve the living conditions of people in their everyday life.

Economics (textbook)

Economics is an introductory textbook by American economists Paul Samuelson and William Nordhaus. It was first published in 1948, and has appeared in nineteen different editions, the most recent in 2009. It was the best selling economics textbook for many decades and still remains popular, selling over 300,000 copies of each edition from 1961 through 1976. The book has been translated into forty-one languages and in total has sold over four million copies.

Economics was written entirely by Samuelson until the 1985 twelfth edition. Newer editions have been revised by Nordhaus.

Economics (Aristotle)

The Economics is a work ascribed to Aristotle. Most modern scholars attribute it to a student of Aristotle or of his successor Theophrastus.

Economics (disambiguation)

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Economics may also refer to:

  • Economics (textbook), a textbook by American economists Paul Samuelson and William Nordhaus
  • Economics (Aristotle), sometimes referred to as The Economics, a work traditionally ascribed to Aristotle

Usage examples of "economics".

Court, in conformity with the aforementioned theories of economics and evolution, was in fact committed to the principle that freedom of contract is the general rule and that legislative authority to abridge the same could be justified only by exceptional circumstances.

From religious contrasts arise the thought-categories of believer and non-believer, from economics those of co-worker and competitor, from ideological those of agreer and disagreer.

At the level of the conditions of possibility pertaining to thought, Ricardo, by dissociating the creation of value from its representativity, made possible the articulation of economics upon history.

Alex, that she was doing Chub a favour, giving him the kind of education she thought would matter more than Economics and French.

The last great transglobal trade empire, run from the arcologies of Hong Kong, has collapsed along with capitalism, rendered obsolete by a bunch of superior deterministic resource allocation algorithms collectively known as Economics 2.

In the following decades, the changing economics of flying forced fewer flight attendants to oversee more passengers, and their job became increasingly important and difficult.

For Jools, at 21 a University College London graduate in economics and former National Bronze Medallist for rowing, this is the first time he has ever lived away from his south London home.

Math lessons can spill over into English, a practicum such as filling out an income tax form or balancing a checkbook can be worked into government classes, and economics can be made to include family planning.

He blamed the sciences for re-establishing the mirage of truth, and still more the pseudomorph subjects like anthropology and economics whose adepts substituted inapplicable statistics for the ineptness of their insights.

Panetta, Alice Rivlin, and our economics team believed we could now get to balance in seven years without the harsh cuts the Republicans were pushing.

French medicine is nothing if not responsive to the vagaries of economics and fashion, and it was not long after women of a certain age stopped coming to Salies that its water was discovered to contain just that combination of temperature, salts, and trace minerals that made it sovereign for the treatment of severely retarded children.

Luna City studying the economics of ice mining and the selenology of the Orientale Basin.

Bass refused, usually because Enron wanted accounting results divorced from economics.

They describe the basic antinomy that impels Joel to emigrate, discuss the economics of interstellar colonization, and sketch in some of his early adventures after he leaves.

Amidst this labyrinthine organization and all the multitude of offices and agencies of the Ministry of Economics and the Four-Year Plan and the Niagara of thousands of special decrees and laws even the most astute businessman was often lost, and special lawyers had to be employed to enable a firm to function.