Economics
The South Pole Telescope is funded through the National Science Foundation Office of Polar Programs with additional support from the Kavli Foundation and the Gordon and Betty Moore Foundation. The telescope cost $19.2 million (to understand this number, one must think carefully about where the telescope ends and the station begins). A budget document from FY2008 concerning South Pole Station Modernization projected expenses of around $16 million per year.
Read more about this topic: South Pole Telescope
Famous quotes containing the word economics:
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“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)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)