Definition of "economics" []

• The social science that deals with the production, distribution, and consumption of goods and services and with the theory and management of economies or economic systems. (noun)
• Economic matters, especially relevant financial considerations: "Economics are slowly killing the family farm” ( Christian Science Monitor). (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Ron Chusid: vulcanhamm er, "you obviously don't understand basic economics but you were a supporter of Austrian economics& #8221; Spoken like a true religious zealot when their beliefs are ..."
• "More to the point of the post, behavioral economics is not more than efforts to incorporate into economic analysis some of the insights of psychology (which are extremely well established) and criticisms from philosophy of economics from the last 30 years."
• "Defining such a range in economics is difficult, because many of the systems (read: institutions, however defined) that are of interest to economists have their own unique parameters that may not be shared with other systems."