Quantum Economics (a.k.a. quantum macroeconomics, a.k.a. the theory of money emissions) is a monetary economic analysis developed by French economist Bernard Schmitt (* 1929 in Colmar, France), beginning in the 1950s in Dijon (France) and Fribourg (Switzerland).
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Famous quotes containing the words quantum and/or economics:
“The receipt to make a speaker, and an applauded one too, is short and easy.—Take of common sense quantum sufficit, add a little application to the rules and orders of the House, throw obvious thoughts in a new light, and make up the whole with a large quantity of purity, correctness, and elegancy of style.”
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“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)