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Warsaw, Poland
Warsaw School of Economics

Energy Market Operations

Funkcjonowanie Rynków Energii

Language: Polish Studies in Polish
University website: ssl-www.sgh.waw.pl/en
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.
Wikipedia
Market
Market (economics)
Wikipedia
Market
Underlying most arguments against the free market is a lack of belief in freedom itself.
Milton Friedman, Capitalism & Freedom (1962)
Wikiquote
Market
The code-speak phrase "limit the influence of market forces" really means to arrange things OTHERWISE by leaving everything to free-market equilibration. A simple illustration is where a state wishes simply to defend its existence. This may call for various concepts of national self-sufficiency so that, for example, Japan may choose not to become entirely an importer of rice!
John Forbes Nash, 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)
Wikiquote
Energy
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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