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Economics |
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Economics The study of the economy. See also: Macroeconomics; microeconomics; Keynesian economics, monetarism, and supply-side economics. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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About 40 years ago Gary Becker, who won the Nobel Prize in Economic Science in 1992, popularized the idea of human capital. In discussing the question of scientific support for military-financial policy, we unwittingly touch upon wider problems of military-economic, military and economic science and policy, because here we cannot do without a systems approach either. Milton Friedman, Senior Research Fellow, Hoover Institution, and recipient, 1976 Nobel Memorial Prize for Economic Science |
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