Warsaw, Poland

Energy Market Operations

Funkcjonowanie Rynków Energii

Table of contents

Energy Market Operations at SGH

Language: Polish Studies in Polish
University website: ssl-www.sgh.waw.pl/en

Definitions and quotes

Energy
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.
Market
Market (economics)
Market
Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman, Capitalism & Freedom (1962)
Market
Original research in mathematics and science.
Clive W. J. Granger, on question "In what sphere of life, if any, do you think it most important to limit the influence of market forces?", in "Nobel Laureates Offer Views on the Economy", Wall Street Journal (Sept. 3, 2004)
Market
If an exchange between two parties is voluntary, it will not take place unless both believe they will benefit from it. Most economic fallacies derive from the neglect of this simple insight, from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.
Milton Friedman, Free to Choose (1980), Chapter 1
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