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Economic science   /ˌɛkənˈɑmɪk sˈaɪəns/   Listen
Economic science

noun
1.
The branch of social science that deals with the production and distribution and consumption of goods and services and their management.  Synonyms: economics, political economy.






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"Economic science" Quotes from Famous Books



... child psychology, adolescent psychology, etc., are defined and drawn upon for illustration, yet no separate chapters are devoted to them. In departments of political economy there are usually elemental courses designed as an introduction to the leading principles of economic science, but there are special courses in currency and banking, public finance, taxation, transportation, distribution ...
— College Teaching - Studies in Methods of Teaching in the College • Paul Klapper

... branch of study that it is scientific because it is engaged in the discovery, formulation, and correct expression of the laws according to which facts are related, without affecting to give a full presentment of those facts. The treatment in this book belongs in this sense to economic science rather than to industrial history as being an endeavour to discover and interpret the laws of the movement of industrial forces during the period of the eighteenth and ...
— The Evolution of Modern Capitalism - A Study of Machine Production • John Atkinson Hobson

... furnishing us with assistance in the solution of the economic and social problems of the present day. The last fifty years have witnessed a reaction against the scientific abstractions of the classical economists, and modern thinkers are growing more and more dissatisfied with an economic science which leaves ethics out of account.[1] Professor Sidgwick, in his Principles of Political Economy, published in 1883, devotes a separate section to 'The Art of Political Economy,' in which he remarks that 'The principles of Political Economy are still most commonly ...
— An Essay on Mediaeval Economic Teaching • George O'Brien

... face of their effectual provision for his little weakness, will cease to complain that his worst enemy is himself. And, in dealing with speculation, the New Republic will have the power of an assured faith and purpose, and the resources of an economic science that is as yet only in its infancy. In such matters the New Republic will entertain no superstition of laissez faire. Money and credit are as much human contrivances as bicycles, and as liable to expansion and modification as any other sort of ...
— Anticipations - Of the Reaction of Mechanical and Scientific Progress upon - Human life and Thought • Herbert George Wells



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