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In the social sciences, economics is the study of human choice behavior and how it effects the production, distribution, and consumption of scarce resources. Economics studies how individuals and societies seek to satisfy needs and wants through incentives, choices, and allocation of scarce resources. Alfred Marshall in the late 19th century informally described economics as "the study of man in the ordinary business of life". The word "economics" is from the Greek words οἶκος [oikos], meaning "family, household, estate," and νόμος [nomos], or "custom, law."
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Institutions and organizations
- National Bureau of Economic Research (USA)–Economics material from the organization that declares Recessions and Recoveries. ↑ 2 ↓
- Online edition of A Glossary of Political Economy Terms by Dr. Paul M. Johnson of Auburn University ↑ 2 ↓
- History of Economic Thought Web site, with articles on historical schools, individual economists, and economic ideas. Free online classic economic literature. ↑ 2 ↓
- The Library of Economics and Liberty (Econlib)–Economics Books, Articles, Blog (EconLog), Podcasts (EconTalk) ↑ 2 ↓
- Economic Theories and Theorists at EconomyProfessor.com–An index of all theories and theoreticians throughout the history of economic thought. ↑ 2 ↓
- Bized–A UK-based portal site for Economics and Business Studies designed mainly for UK students. ↑ 2 ↓
- Introduction to Economic Analysis–A complete introductory economics textbook under Creative Commons license by Preston McAfee. ↑ 2 ↓
- Ask The Professor section of EH.Net Economic History Services
- Introduction to Economics basic economic thinking tools skimmed: rational self-interest, opportunity cost, marginal analysis, specialization, comparative advantage, scarce resources and unlimited wants, as well as a sketch of the institutional structure of the U.S. economy. ↑ 2 ↓
- Historicalstatistics.org - Links to historical economic statistics for different countries and regions ↑ 2 ↓
- St Louis Federal Reserve Gateway to the Federal Reserve Bank of St Louis, including working papers, links to lectures and other material. ↑ 2 ↓