Economics is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία from οἶκος (oikos, "house") and νόμος (nomos, "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social science

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Thomas Frank
Thomas Frank The Wrecking Crew: How Conservatives Rule
We have lots of theories about what's wrong with Washington, but they tend to be the theories developed by the right back in the 1970s about liberals. Liberalism is the root of all evil, and when someone does something wrong it is because they've become more liberal. But that theory really doesn't hold water, and very obviously so. My object was to come up with the theory for the conservative state — what made it tick.
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John Maynard Keynes
If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.
John Maynard Keynes

Terry Pratchett
The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. He earned thirty-eight dollars a month plus allowances. A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. Those were the kind of boots Vimes always bought, and wore until the soles were so thin that he could tell w ...more
Terry Pratchett, Men at Arms: The Play

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