Chur, Switzerland

Energy Economics


Language: GermanStudies in German
Subject area: engineering and engineering trades
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Economics () is the social science that studies the production, distribution, and consumption of goods and services.
In physics, energy is the quantitative property that must be transferred to an object in order to perform work on, or to heat, the object. Energy is a conserved quantity; the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The SI unit of energy is the joule, which is the energy transferred to an object by the work of moving it a distance of 1 metre against a force of 1 newton.
The blunt truth about the politics of climate change is that no country will want to sacrifice its economy in order to meet this challenge.
Tony Blair, address to the 2005 G8 climate change summit in London, as reported by David Adam, "Blair signals shift over climate change", The Guardian, 1 November 2005.
Economics is not simply a topic on which to express opinions or vent emotions. It is a systematic study of what happens when you do specific things in specific ways. In economic analysis, the methods used by a Marxist economist like Oskar Lange did not differ in any fundamental way from the methods used by a conservative economist like Milton Friedman.
Thomas Sowell, Ch. 1 What is Economics? in Basic Economics
E = mc²
Albert Einstein, The equivalence of matter and energy was originally expressed by the equation m = L/c², which easily translates into the far more well known E = mc² in Does the Inertia of a Body Depend Upon Its Energy Content? published in the Annalen der Physik (27 September 1905) : "If a body gives off the energy L in the form of radiation, its mass diminishes by L/c²."
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