Wrocław, Poland

Faculty of Law, Administration and Economics

Wydział Prawa, Administracji i Ekonomii

Subject area: law
University website: uni.wroc.pl/en/
The Faculty of Law, Administration and Economics is one of the largest in Poland. Its tradition dates back to the Prussian law school established in 1811. Over 12,000 students are taught at this Faculty by 200 scholars and 170 students are enrolled in PhD programs. The Faculty offers international exchange programs and is proud to host international students from Europe, Russia, Kazakhstan, and African countries. Students can become members of clubs and societies and participate in national and international conferences and symposia.
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Faculty may refer to:
Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior. Law is a system that regulates and ensures that individuals or a community adhere to the will of the state. State-enforced laws can be made by a collective legislature or by a single legislator, resulting in statutes, by the executive through decrees and regulations, or established by judges through precedent, normally in common law jurisdictions. Private individuals can create legally binding contracts, including arbitration agreements that may elect to accept alternative arbitration to the normal court process. The formation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people.
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.
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).
The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.
L.K. Samuels, In Defense of Chaos: The Chaology of Politics, Economics and Human Action, Cobden Press (2013) p. 16.
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