oikonomia

management of the household (community, society, humanity & biosphere) so as to increase its value to all members over the long run
oikos: household; and nomos: rules

Economics, social science concerned with the production, distribution, exchange, and consumption
of goods and services. Economists focus on the way in which individuals, groups, business enterprises,
and governments seek to achieve efficiently any economic objective they select. Other fields of study
also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed;
history records changes in human objectives; sociology interprets human behavior in social contexts.
-Encarta

T12
Eeyore ponders a new career.
"Actually," Eeyore continued, "I'm thinking about a new career myself - personal growth and whatnot, and et ceteras, you know. I'm considering becoming an economist. Actually I didn't think of that myself. Owl suggested that I might be suited for it. He said someone called Thomas Carlyle said economics was the Dismal Science. That sounds most interesting."
-Winnie-the-Pooh On Success by Roger E. Allen & Stephen D. Allen

Tuesday, January 17

[TASK 1] Tense Stand-off At Trade Summit

Mriaow!

For everyone to answer; provided by Econs dept.

In case you did not see the comment... [I keep forgetting it's there =p]

http://news.bbc.co.uk/1/hi/business/4537890.stm

What are the benefits of Free Trade?
Why are some countries protecting their industries?
What do you think, is the objective of the trade summit?
How has it achieved its objective? If not, how has it failed?

Further readings:
http://news.bbc.co.uk/1/hi/in_depth/business/2004/world_trade/default.stm

posted by t12cjc | 11:43 pm

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