London, United Kingdom

Economics and Statistics

Bachelor's
Language: EnglishStudies in English
Subject area: economy and administration
Qualification: other
Kind of studies: full-time studies
Bachelor of Economics (BScEcon)
University website: www.ucl.ac.uk
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Economics
Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.
Joseph Schumpeter, History of Economic Analysis, 1945. p. 27
Statistics
To understand God's thoughts we must study statistics, for these are the measure of his purpose.
Florence Nightingale, quoted in Karl Pearson, Life of Francis Galton, vol.II, ch.xiii, sect.i
Economics
To have peace and not war, the drift toward a war economy, as facilitated by the moves and the demands of the sophisticated conservatives, must be stopped; to have peace without slump, the tactics and policies of the practical right must be overcome. The political and economic power of both must be broken. The power of these giants of main drift is both economically and politically anchored; both unions and an independent labor party are needed to struggle effective.
C. Wright Mills, The New Men of Power (1948).
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