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  2. Engineering economics - Wikipedia

    en.wikipedia.org/wiki/Engineering_economics

    Since engineering is an important part of the manufacturing sector of the economy, engineering industrial economics is an important part of industrial or business economics. Major topics in engineering industrial economics are: The economics of the management, operation, and growth and profitability of engineering firms; Macro-level engineering ...

  3. Engineering economics (civil engineering) - Wikipedia

    en.wikipedia.org/wiki/Engineering_economics...

    The study of Engineering Economics in Civil Engineering, also known generally as engineering economics, or alternatively engineering economy, is a subset of economics, more specifically, microeconomics. It is defined as a "guide for the economic selection among technically feasible alternatives for the purpose of a rational allocation of scarce ...

  4. Category:Engineering economics - Wikipedia

    en.wikipedia.org/wiki/Category:Engineering_economics

    Engineering economics, previously known as engineering economy, is a subset of economics concerned with the use and "...application of economic principles" [1] ...

  5. Economic efficiency - Wikipedia

    en.wikipedia.org/wiki/Economic_efficiency

    Microeconomic reform is the implementation of policies that aim to reduce economic distortions via deregulation, and move toward economic efficiency. However, there is no clear theoretical basis for the belief that removing a market distortion will always increase economic efficiency.

  6. Economics of science - Wikipedia

    en.wikipedia.org/wiki/Economics_of_science

    Economists consider “science” as the search and production of knowledge using known starting conditions. [2] Knowledge can be considered a public good, due to the fact that its utility to society is not diminished with additional consumption (non-rivalry), and once the knowledge is shared with the public it becomes very hard to restrict access to it or use of it (non-excludable).

  7. Definitions of economics - Wikipedia

    en.wikipedia.org/wiki/Definitions_of_economics

    James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...

  8. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Lionel Robbins (1932) developed implications of what has been termed "[p]erhaps the most commonly accepted current definition of the subject": [28] Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. [34]

  9. An Essay on the Nature and Significance of Economic Science

    en.wikipedia.org/wiki/An_Essay_on_the_Nature_and...

    Lionel Robbins' Essay (1932, 1935, 2nd ed., 158 pp.) sought to define more precisely economics as a science and to derive substantive implications. Analysis is relative to "accepted solutions of particular problems" based on best modern practice as referenced, especially including the works of Philip Wicksteed, Ludwig von Mises, and other Continental European economists.