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Tuesday, September 30, 2008

Reality. .. ..


Pu'u 'O'o is a classic cinder-and-spatter volcanic cone on Kilauea, Hawaii. Expanding gases in the lava fountain tears the liquid rock into irregular globs that fall back to earth, forming a heap around the vent. The still partly liquid rock splashing down and over the sides of the developing mound is called spatter.

Reality. .. ..


A TRACE image of sunspots. This image of the surface, or photosphere, of the sun from September 2002, is taken in the far ultraviolet in on a relatively quite day for solar activity, but still shows a large sunspot group visible as a bright area near the horizon. Although sunspots are relatively cool regions on the surface of the sun, the bright glowing gas flowing around the sunspots have a temperature of over one million °C (1.8 million °F). The high temperatures are thought to be related to the rapidly changing magnetic field loops that channel solar plasma.

Reality. .. ..


The Buddhabrot is a special rendering of the Mandelbrot set, which resembles, to some extent, certain depictions of the Buddha. Mathematically, the set consists of the set of points c in the complex number plane for which the iteratively defined sequence

z_{n+1} = {z_n}^2 + c

with z0 = 0 does not tend to infinity.

Reality. .. ..


A red Sunset. The red-hue is explained by the phenomenon of Rayleigh scattering. The sunset is often more brightly coloured than the sunrise because there is more dust at the end of the day than at its beginning. Because the light from the Sun is bent by the variable density of the Earth's atmosphere, the Sun is still seen after it is below the horizon.

Reality. .. ..


Kiritimati is a Pacific atoll re-discovered by Captain James Cook on 24 December 1777, which explains its alternative name of Chistmas Island. It has the largest land area of any coral atoll and is also the oldest surviving atoll. Between 1956 and 1962 the island was used by the United Kingdom and United States governments as a base for nuclear tests. Today the island is part of the Republic of Kiribati.

Reality. .. ..


Monitor Ridge showing the cone of devastation, the huge crater open to the north, and the post eruption lava dome inside it. The small photos were taken from Spirit Lake before and after the eruption. Spirit Lake can also be seen in the larger image, as well as two other Cascade volcanos.

Reality. .. ..


The Sombrero Galaxy is a spiral galaxy in the Virgo constellation. It was discovered in the late 1700s. It is about 28 million light years away and is just faint enough to be invisible to the naked eye but easily visible with small telescopes. In our sky, it is about one-fifth the diameter of the full moon. M104 is moving away from Earth at about 1,000 kilometers per second.

Friday, September 26, 2008

Geography

Jump to: navigation, search

A map of the Earth
Geography is the study of the Earth and its features, its inhabitants, and its phenomena.[1] Its "features" are things like continents, seas, rivers and mountains. Its "inhabitants" are all the people and animals that live on it. Its "phenomena" are the things that happen like tides, winds, and earthquakes. A person who is expert in geography is a "geographer". A geographer tries to understand the world and the things that are in it, how they started and how they have changed. [2] Geography is not the same as ecology. A geographer tries to describe how things are, while an ecologist thinks about changes that might happen in the future. Ecologists need the work of geographers so that they can work out the future.
The word geography comes from the Greek words gê ("Earth") and graphein ("to write"). It means "to write about the Earth". The word was first used by a writer called Eratosthenes (276-194 B.C.).
Geography is divided into two main parts called Physical Geography and Human Geography. Physical Geography studies the "Natural Environment" and Human Geography studies the "Human Environment". The human environmental studies would include things such as the population in a country, how a country's economy is doing, and more.
Geographers need to know a lot about maps because maps are very important for understanding geography. Geographers use maps a lot, and often make them. Making maps is called cartography, and similarly, people who make maps are cartographers. (It comes from the word for a "chart")
Contents[hide]
1 Natural environment
2 Human environment
3 References
4 Other websites
//

[change] Natural environment

A tropical cyclone off Brazil
Geographers studying the natural environment make look at:
Climate
Landform, or relief
Continents
Oceans
Soil
Rocks
Rivers
Mountains
Endogenetic processes
Exogenetic processes

[change] Human environment

A crowd of people around a band.
Geographers studying the Human environment may look at:
Population
Countries of the world
Land use
Agriculture
City
Industry
Energy
Pollution
Air Pollution

[change] References
Geography. The American Heritage Dictionary/ of the English Language, Fourth Edition. Houghton Mifflin Company. Retrieved on October 9, 2006.
web.clas.ufl.edu/users/morgans/lecture_2.prn.pdf.

[change] Other websites
www.geoknow.net - Geography resources at your fingertips!
PopulationData.net
PopulationMondiale.com
Using Literature To Teach Geography in High Schools. ERIC Digest.
Teaching Geography at School and Home. ERIC Digest.
The National Geography Content Standards. ERIC Digest.

Monday, September 22, 2008

Money


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The factual accuracy of this article is disputed.Please see the relevant discussion on the talk page. (August 2008)
For other uses, see Money (disambiguation).
"Dinero" redirects here. For obsolete Spanish currency, see Spanish dinero. For the community in the United States, see Dinero, Texas.

Various denominations of currency, one form of money.
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Money is anything that is generally accepted as payment for goods and services and repayment of debts.[1] The main uses of money are as a medium of exchange, a unit of account, and a store of value.[2] Some authors explicitly require money to be a standard of deferred payment.[3]
The term "price system" is sometimes used to refer to methods using commodity valuation or money accounting systems.
The word "money" is believed to originate from a temple of Hera, located on Capitoline, one of Rome's seven hills. In the ancient world Hera was often associated with money. The temple of Juno Moneta at Rome was the place where the mint of Ancient Rome was located.[4]. "Juno" etymology may derives from the Etruscan goddess Uni (which means "the one", "unique", "unit", "union", "united") and "Moneta" either from the Latin word "monere" (remind, warn, or instruct) or the Greek word "moneres" (alone, unique).
Contents[hide]
1 Economic characteristics
1.1 Medium of exchange
1.2 Unit of account
1.3 Store of value
2 Market liquidity
3 Types of money
3.1 Commodity money
3.2 Representative money
3.3 Credit money
3.4 Fiat money
3.5 Money supply
3.6 Monetary policy
4 History of money
5 See also
6 References
7 External links
//

Economic characteristics
Money is generally considered to have the following characteristics, which are summed up in a rhyme found in older economics textbooks: "Money is a matter of functions four, a medium, a measure, a standard, a store." That is, money functions as a medium of exchange, a unit of account, a standard of deferred payment, and a store of value.[2][5][6]
There have been many historical arguments regarding the combination of money's functions, some arguing that they need more separation and that a single unit is insufficient to deal with them all. One of these arguments is that the role of money as a medium of exchange is in conflict with its role as a store of value: its role as a store of value requires holding it without spending, whereas its role as a medium of exchange requires it to circulate.[6] 'Financial capital' is a more general and inclusive term for all liquid instruments, whether or not they are a uniformly recognized tender.

Medium of exchange
Main article: Medium of exchange
Money is used as an intermediary for trade, in order to avoid the inefficiencies of a barter system, which are sometimes referred to as the 'double coincidence of wants problem'. Such usage is termed a medium of exchange.

Unit of account
Main article: Unit of account
A unit of account is a standard numerical unit of measurement of the market value of goods, services, and other transactions. Also known as a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements that involve debt.
Divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again.
Fungible: that is, one unit or piece must be perceived as equivalent to any other, which is why diamonds, works of art or real estate are not suitable as money.
A specific weight, or measure, or size to be verifiably countable. For instance, coins are often made with ridges around the edges, so that any removal of material from the coin (lowering its commodity value) will be easy to detect.

Store of value
Main article: Store of value
To act as a store of value, a commodity, a form of money, or financial capital must be able to be reliably saved, stored, and retrieved — and be predictably useful when it is so retrieved. Fiat currency like paper or electronic currency no longer backed by gold in most countries is not considered by some economists to be a store of value.

Market liquidity
Main article: Market liquidity
Liquidity describes how easily an item can be traded for another item, or into the common currency within an economy. Money is the most liquid asset because it is universally recognised and accepted as the common currency. In this way, money gives consumers the freedom to trade goods and services easily without having to barter.
Liquid financial instruments are easily tradable and have low transaction costs. There should be no — or minimal — spread between the prices to buy and sell the instrument being used as money.

Types of money
In economics, money is a broad term that refers to any instrument that can be used in the resolution of debt. However, different types of money have different economic strengths and liabilities. Theoretician Ludwig von Mises made that point in his book The Theory of Money and Credit, and he argued for the importance of distinguishing among three types of money: commodity money, fiat money, and credit money. Modern monetary theory also distinguishes among different types of money, using a categorization system that focuses on the liquidity of money.

Commodity money
Main article: Commodity money
Commodity money value comes from the commodity out of which it is made. The commodity itself constitutes the money, and the money is the commodity.[7] Examples of commodities that have been used as mediums of exchange include gold, silver, copper, rice, salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, candy, barley, etc. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or Price System economies. Use of commodity money is similar to barter, but a commodity money provides a simple and automatic unit of account for the commodity which is being used as money.

Representative money
Main article: Representative money
Representative money is money that consists of token coins, other physical tokens such as certificates, and even non-physical "digital certificates" (authenticated digital transactions) that can be reliably exchanged for a fixed quantity of a commodity such as gold, silver or potentially water, oil or food. Representative money thus stands in direct and fixed relation to the commodity which backs it, while not itself being composed of that commodity.

Banknotes from all around the world donated by visitors to the British Museum, London.

Credit money
Main article: Credit money
Credit money is any claim against a physical or legal person that can be used for the purchase of goods and services.[7] Credit money differs from commodity and fiat money in two ways: It is not payable on demand (although in the case of fiat money, "demand payment" is a purely symbolic act since all that can be demanded is other types of fiat currency) and there is some element of risk that the real value upon fulfillment of the claim will not be equal to real value expected at the time of purchase.[7]
This risk comes about in two ways and affects both buyer and seller.
First it is a claim and the claimant may default (not pay). High levels of default have destructive supply side effects. If manufacturers and service providers do not receive payment for the goods they produce, they will not have the resources to buy the labor and materials needed to produce new goods and services. This reduces supply, increases prices and raises unemployment, possibly triggering a period of stagflation. In extreme cases, widespread defaults can cause a lack of confidence in lending institutions and lead to economic depression. For example, abuse of credit arrangements is considered one of the significant causes of the Great Depression of the 1930s.[8]
The second source of risk is time. Credit money is a promise of future payment. If the interest rate on the claim fails to compensate for the combined impact of the inflation (or deflation) rate and the time value of money, the seller will receive less real value than anticipated. If the interest rate on the claim overcompensates, the buyer will pay more than expected.

Fiat money
Main article: Fiat money
Fiat money is any money whose value is determined by legal means, rather than the strict availability of goods and services which are named on the representative note.
Fiat money is created when a type of credit money (typically notes from a central bank, such as the Federal Reserve System in the U.S.) is declared by a government act (fiat) to be acceptable and officially-recognized payment for all debts, both public and private. Fiat money may thus be symbolic of a commodity or a government promise, though not a completely specified amount of either of these. Fiat money is thus not technically fungible or tradable directly for fixed quantities of anything, except more of the same government's fiat money. Fiat moneys usually trade against each other in value in an international market, as with other goods. An exception to this is when currencies are locked to each other, as explained below. Many but not all fiat moneys are accepted on the international market as having value. Those that are trade indirectly against any internationally available goods and services [7]. Thus the number of U.S. dollars or Japanese yen which are equivalent to each other, or to a gram of gold metal, are all market decisions which change from moment to moment on a daily basis. Occasionally, a country will peg the value of its fiat money to that of the fiat money of a larger economy: for example the Belize dollar trades in fixed proportion (at 2:1) to the U.S. dollar, so there is no floating value ratio of the two currencies.
Representative, credit, and fiat money all provide solutions to several limitations of commodity money. Depending on the laws, there may be little or no need to physically transport the money — an electronic exchange may be sufficient. Other types of moneys have as their sole use to be medium of exchange, so their supply is not limited by competing alternate uses. Credit and fiat monies can be created without limit in theory, so there is no limit on trade volumes.
Fiat money, if physically represented in the form of currency (paper or coins) can be easily damaged or destroyed. However, here fiat money has an advantage over representative or commodity money, in that the same laws that created the money can also define rules for its replacement in case of damage or destruction. For example, the U.S. government will replace mutilated federal reserve notes (U.S. fiat money) if at least half of the physical note can be reconstructed, or if it can be otherwise proven to have been destroyed.[9] By contrast, commodity money which has been destroyed or lost is gone.
Paper currency is especially vulnerable to everyday hazards: from fire, water, termites, and simple wear and tear. Currency in the form of minted coins is more durable but a significant portion is simply lost in everyday use. In order to reduce replacement costs, many countries are converting to plastic currency. For example, Mexico has changed its twenty and fifty peso notes, Singapore its $2, $5, $10 and $50 bills, Malaysia with RM5 bill, and Australia and New Zealand their $5, $10, $20, $50 and $100 to plastic, both for the increased durability and because plastic may be easily specifically constructed for each denomination, thus making it impossible for counterfeiters to "lift" or raise the value of a bill by using the material of a bill of lesser value as a primary source to make a counterfeit note of higher value.
Some of the benefits of fiat money can be a double-edged sword. For example, if the amount of money in active circulation outstrips the available goods and services for sale, the effect can be inflationary. This can easily happen if governments print money without attention to the level of economic activity, or if successful counterfeiters flourish.
A criticism of credit and fiat moneys relates to the fact that their stabilities are highly dependent on the stability of the legal system backing the currency: should the legal system fail, so will the value of any type of money that depends on it. However, this situation is typical of the maintenance of the value of any promisory note system: if a guarantor creates money or wealth by means of any legal promise to provide goods or services in the future (as is the case with both credit and fiat type moneys), then any failure of a legal system which backs up the rights of the debt-holder to collect on the promise, will act to jeopardize the value of future promises.

Money supply
Main article: Money supply
The money supply is the amount of money within a specific economy available for purchasing goods or services. The supply in the US is usually considered as four escalating categories M0, M1, M2 and M3. The categories grow in size with M3 representing all forms of money (including credit) and M0 being just base money (coins, bills, and central bank deposits). M0 is also money that can satisfy private banks' reserve requirements. In the US, the Federal Reserve is responsible for controlling the money supply, while in the Euro area the respective institution is the European Central Bank. Other central banks with significant impact on global finances are the Bank of Japan, People's Bank of China and the Bank of England.
When gold is used as money, the money supply can grow in either of two ways. First, the money supply can increase as the amount of gold increases by new gold mining at about 2% per year, but it can also increase more during periods of gold rushes and discoveries, such as when Columbus discovered the new world and brought gold back to Spain, or when gold was discovered in California in 1848. This kind of increase helps debtors, and causes inflation, as the value of gold goes down. Second, the money supply can increase when the value of gold goes up. This kind of increase in the value of gold helps savers and creditors and is called deflation, where items for sale are less expensive in terms of gold. Deflation was the more typical situation for over a century when gold and credit money backed by gold were used as money in the US from 1792 to 1913.

Monetary policy
Main article: Monetary policy
Monetary policy is the process by which a government, central bank, or monetary authority manages the money supply to achieve specific goals. Usually the goal of monetary policy is to accommodate economic growth in an environment of stable prices. For example, it is clearly stated in the Federal Reserve Act that the Board of Governors and the Federal Open Market Committee should seek “to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”[10]
A failed monetary policy can have significant detrimental effects on an economy and the society that depends on it. These include hyperinflation, stagflation, recession, high unemployment, shortages of imported goods, inability to export goods, and even total monetary collapse and the adoption of a much less efficient barter economy. This happened in Russia, for instance, after the fall of the Soviet Union.
Governments and central banks have taken both regulatory and free market approaches to monetary policy. Some of the tools used to control the money supply include:
changing the rate at which the government loans or borrows money
currency purchases or sales
increasing or lowering government borrowing
increasing or lowering government spending
manipulation of exchange rates
raising or lowering bank reserve requirements
regulation or prohibition of private currencies
taxation or tax breaks on imports or exports of capital into a country
For many years much of monetary policy was influenced by an economic theory known as monetarism. Monetarism is an economic theory which argues that management of the money supply should be the primary means of regulating economic activity. The stability of the demand for money prior to the 1980s was a key finding of Milton Friedman and Anna Schwartz[11] supported by the work of David Laidler[12], and many others.
The nature of the demand for money changed during the 1980s owing to technical, institutional, and legal factors and the influence of monetarism has since decreased.

History of money
Main article: History of money

Himba woman covered with a traditional ochre pigment
The use of barter like methods may date back to at least 100,000 years ago. Trading in red ochre is attested in Swaziland, shell jewellery in the form of strung beads also dates back to this period, and had the basic attributes needed of commodity money. To organize production and to distribute goods and services among their populations, before market economies existed, people relied on tradition, top-down command, or community cooperation. Relations of reciprocity, and/or redistribution, substituted for market exchange.[citation needed]
The Shekel referred to an ancient unit of weight and currency. The first usage of the term came from Mesopotamia circa 3000 BC. and referred to a specific mass of barley which related other values in a metric such as silver, bronze, copper etc. A barley/shekel was originally both a unit of currency and a unit of weight... just as the British Pound was originally a unit denominating a one pound mass of silver.[citation needed]

A 640 BC one-third stater coin from Lydia, shown larger.
According to Herodotus, and most modern scholars, the Lydians were the first people to introduce the use of gold and silver coin.[13] It is thought that these first stamped coins were minted around 650-600 BC.[14] A stater coin was made in the stater (trite) denomination. To complement the stater, fractions were made: the trite (third), the hekte (sixth), and so forth in lower denominations.
The name of Croesus of Lydia became synonymous with wealth in antiquity. Sardis was renowned as a beautiful city. Around 550 BC, Croesus contributed money for the construction of the temple of Artemis at Ephesus, one of the Seven Wonders of the ancient world.
The first banknotes were used in China in the 7th century, and the first in Europe issued by Stockholms Banco in 1661.

See also

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References
^ Mishkin, Frederic S. (2007). The Economics of Money, Banking, and Financial Markets (Alternate Edition). Boston: Addison Wesley, 8. ISBN 0-321-42177-9.
^ a b Mankiw, N. Gregory (2007). Macroeconomics, 6th, New York: Worth Publishers. ISBN 0-7167-6213-7.
^ amosweb.com
^ D'Eprio, Peter & Pinkowish, Mary Desmond (1998). What Are The Seven Wonders Of The World? First Anchor Books, p.192. ISBN 0-385-49062-3
^ Krugman, Paul & Wells, Robin, Economics, Worth Publishers, New York (2006)
^ a b T.H. Greco. Money: Understanding and Creating Alternatives to Legal Tender, White River Junction, Vt: Chelsea Green Publishing (2001). ISBN 1-890-13237-3
^ a b c d Mises, Ludwig von. The Theory of Money and Credit, (Indianapolis, IN: Liberty Fund, Inc., 1981), trans. H. E. Batson. Available online here; accessed 9 May 2007; Part One: The Nature of Money, Chapter 3: The Various Kinds of Money, Section 3: Commodity Money, Credit Money, and Fiat Money, Paragraph 25.
^ Barry Eichengreen and Kris Mitchener, "The Great Depression as a credit boom gone wrong", Bank For International Settlements, Working Papers No. 137 (September 2003). Last accessed 2007-05-08.
^ Shredded & mutilated: Mutilated Currency, Bureau of Engraving and Printing. Last accessed 2007-05-09
^ The Federal Reserve. 'Monetary Policy and the Economy". Board of Governors of the Federal Reserve System, (2005-07-05). Retrieved 2007-05-15.
^ Milton Friedman, Anna Jacobson Schwartz, (1971). Monetary History of the United States, 1867–1960. Princeton, N.J: Princeton University Press. ISBN 0-691-00354-8.
^ David Laidler, (1997). Money and Macroeconomics: The Selected Essays of David Laidler (Economists of the Twentieth Century). Edward Elgar Publishing. ISBN 1-85898-596-X.
^ Herodotus. Histories, I, 94
^ http://rg.ancients.info/lion/article.html Goldsborough, Reid. "World's First Coin"

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Sunday, September 21, 2008

Science

For other uses, see Science (disambiguation).

The Meissner effect causes a magnet to levitate above a high-temperature superconductor.
Science (from the Latin scientia, meaning "knowledge" or "to know") is the effort to discover, and increase human understanding of how the physical world works. Through controlled methods, scientists use observable physical evidence of natural phenomena to collect data, and analyze this information to explain what and how things work. Such methods include experimentation that tries to simulate natural phenomena under controlled conditions and thought experiments. Knowledge in science is gained through research.
Contents[hide]
1 Etymology
2 History of science
3 History of usage of the word science
3.1 Distinguished from technology
4 Scientific method
4.1 Mathematics
5 Philosophy of science
6 Critiques
6.1 Science, pseudoscience and nonscience
6.2 Philosophical focus
6.3 The media and the scientific debate
6.4 Epistemological inadequacies
7 Scientific community
7.1 Fields
7.2 Institutions
7.3 Literature
8 See also
9 Notes
10 References
11 Further reading
12 External links
//

Etymology

DNA determines the genetic structure of all life on earth
The word science is derived from the Latin word scientia for knowledge, the nominal form of the verb scire, "to know". The Proto-Indo-European (PIE) root that yields scire is *skei-, meaning to "cut, separate, or discern". Other words from the same root include Sanskrit chyati, "he cuts off", Greek schizo, "I split" (hence English schism, schizophrenia), Latin scindo, "I split" (hence English rescind).[1] From the Middle Ages to the Enlightenment, science or scientia meant any systematic recorded knowledge.[2] Science therefore had the same sort of very broad meaning that philosophy had at that time. In other languages, including French, Spanish, Portuguese, Italian, Polish and Russian, the word corresponding to science also carries this meaning.

History of science
Main article: History of science

History of usage of the word science
Well into the eighteenth century, science and natural philosophy were not quite synonymous, but only became so later with the direct use of what would become known formally as the scientific method, which was earlier developed during the Middle Ages and early modern period in Europe and the Middle East (see History of scientific method). Prior to the 18th century, however, the preferred term for the study of nature was natural philosophy, while English speakers most typically referred to the study of the human mind as moral philosophy. By contrast, the word "science" in English was still used in the 17th century to refer to the Aristotelian concept of knowledge which was secure enough to be used as a sure prescription for exactly how to do something. In this differing sense of the two words, the philosopher John Locke in An Essay Concerning Human Understanding wrote that "natural philosophy [the study of nature] is not capable of being made a science".[3]
By the early 1800s, natural philosophy had begun to separate from philosophy, though it often retained a very broad meaning. In many cases, science continued to stand for reliable knowledge about any topic, in the same way it is still used in the broad sense (see the introduction to this article) in modern terms such as library science, political science, and computer science. In the more narrow sense of science, as natural philosophy became linked to an expanding set of well-defined laws (beginning with Galileo's laws, Kepler's laws, and Newton's laws for motion), it became more popular to refer to natural philosophy as natural science. Over the course of the nineteenth century, moreover, there was an increased tendency to associate science with study of the natural world (that is, the non-human world). This move sometimes left the study of human thought and society (what would come to be called social science) in a linguistic limbo by the end of the century and into the next.[4]
Through the 19th century, many English speakers were increasingly differentiating science (meaning a combination of what we now term natural and biological sciences) from all other forms of knowledge in a variety of ways. The now-familiar expression “scientific method,” which refers to the prescriptive part of how to make discoveries in natural philosophy, was almost unused during the early part of the 19th century, but became widespread after the 1870s, though there was rarely totally agreement about just what it entailed.[4] The word "scientist," meant to refer to a systematically-working natural philosopher, (as opposed to an intuitive or empirically-minded one) was coined in 1833 by William Whewell.[5] Discussion of scientists as a special group of people who did science, even if their attributes were up for debate, grew in the last half of the 19th century.[4] Whatever people actually meant by these terms at first, they ultimately depicted science, in the narrow sense of the habitual use of the scientific method and the knowledge derived from it, as something deeply distinguished from all other realms of human endeavor.
By the twentieth century, the modern notion of science as a special brand of information about the world, practiced by a distinct group and pursued through a unique method, was essentially in place. It was used to give legitimacy to a variety of fields through such titles as "scientific" medicine, engineering, advertising, or motherhood.[4] Over the 1900s, links between science and technology also grew increasingly strong.

Distinguished from technology
By the end of the century, it is arguable that technology had even begun to eclipse science as a term of public attention and praise. Scholarly studies of science have begun to refer to "technoscience" rather than science of technology separately. Meanwhile, such fields as biotechnology and nanotechnology are capturing the headlines. One author has suggested that, in the coming century, "science" may fall out of use, to be replaced by technoscience or even by some more exotic label such as "techknowledgy."[4]

Scientific method
Main article: Scientific method

The Bohr model of the atom, like many ideas in the history of science, was at first prompted by and later partially disproved by experiment.
The scientific method seeks to explain the events of nature in a reproducible way, and to use these reproductions to make useful predictions. It is done through observation of natural phenomena, and/or through experimentation that tries to simulate natural events under controlled conditions. It provides an objective process to find solutions to problems in a number of scientific and technological fields.[6]
Based on observations of a phenomenon, a scientist may generate a model. This is an attempt to describe or depict the phenomenon in terms of a logical physical or mathematical representation. As empirical evidence is gathered, a scientist can suggest a hypothesis to explain the phenomenon. This description can be used to make predictions that are testable by experiment or observation using the scientific method. When a hypothesis proves unsatisfactory, it is either modified or discarded.
While performing experiments, Scientists may have a preference for one outcome over another, and it is important that this tendency does not bias their interpretation.[7][8] A strict following of the scientific method attempts to minimize the influence of a scientist's bias on the outcome of an experiment. This can be achieved by correct experimental design, and a thorough peer review of the experimental results as well as conclusions of a study.[9][10] Once the experiment results are announced or published, an important cross-check can be the need to validate the results by an independent party.[11]
Once a hypothesis has survived testing, it may become adopted into the framework of a scientific theory. This is a logically reasoned, self-consistent model or framework for describing the behavior of certain natural phenomena. A theory typically describes the behavior of much broader sets of phenomena than a hypothesis—commonly, a large number of hypotheses can be logically bound together by a single theory. These broader theories may be formulated using principles such as parsimony (e.g., "Occam's Razor"). They are then repeatedly tested by analyzing how the collected evidence (facts) compares to the theory. When a theory survives a sufficiently large number of empirical observations, it then becomes a scientific generalization that can be taken as fully verified.
Despite the existence of well-tested theories, science cannot claim absolute knowledge of nature or the behavior of the subject or of the field of study due to epistemological problems that are unavoidable and preclude the discovery or establishment of absolute truth. Unlike a mathematical proof, a scientific theory is empirical, and is always open to falsification, if new evidence is presented. Even the most basic and fundamental theories may turn out to be imperfect if new observations are inconsistent with them. Critical to this process is making every relevant aspect of research publicly available, which allows ongoing review and repeating of experiments and observations by multiple researchers operating independently of one another. Only by fulfilling these expectations can it be determined how reliable the experimental results are for potential use by others.
Isaac Newton's Newtonian law of gravitation is a famous example of an established law that was later found not to be universal—it does not hold in experiments involving motion at speeds close to the speed of light or in close proximity of strong gravitational fields. Outside these conditions, Newton's Laws remain an excellent model of motion and gravity. Since general relativity accounts for all the same phenomena that Newton's Laws do and more, general relativity is now regarded as a more comprehensive theory.[12]

Mathematics

Data from the famous Michelson–Morley experiment
Mathematics is essential to many sciences. One important function of mathematics in science is the role it plays in the expression of scientific models. Observing and collecting measurements, as well as hypothesizing and predicting, often require extensive use of mathematics and mathematical models. Calculus may be the branch of mathematics most often used in science, but virtually every branch of mathematics has applications in science, including "pure" areas such as number theory and topology. Mathematics is fundamental to the understanding of the natural sciences and the social sciences, many of which also rely heavily on statistics.
Statistical methods, comprised of mathematical techniques for summarizing and exploring data, allow scientists to assess the level of reliability and the range of variation in experimental results. Statistical thinking also plays a fundamental role in many areas of science.
Computational science applies computing power to simulate real-world situations, enabling a better understanding of scientific problems than formal mathematics alone can achieve. According to the Society for Industrial and Applied Mathematics, computation is now as important as theory and experiment in advancing scientific knowledge.[13]
Whether mathematics itself is properly classified as science has been a matter of some debate. Some thinkers see mathematicians as scientists, regarding physical experiments as inessential or mathematical proofs as equivalent to experiments. Others do not see mathematics as a science, since it does not require experimental test of its theories and hypotheses. In practice, mathematical theorems and formulas are obtained by logical derivations which presume axiomatic systems, rather than a combination of empirical observation and method of reasoning that has come to be known as scientific method. In general, mathematics is classified as formal science, while natural and social sciences are classified as empirical sciences.

Philosophy of science

Velocity-distribution data of a gas of rubidium atoms, confirming the discovery of a new phase of matter, the Bose–Einstein condensate.
Main article: Philosophy of science
The philosophy of science seeks to understand the nature and justification of scientific knowledge. It has proven difficult to provide a definitive account of the scientific method that can decisively serve to distinguish science from non-science. Thus there are legitimate arguments about exactly where the borders are, leading to the problem of demarcation. There is nonetheless a set of core precepts that have broad consensus among published philosophers of science and within the scientific community at large.
Science is reasoned-based analysis of sensation upon our awareness. As such, the scientific method cannot deduce anything about the realm of reality that is beyond what is observable by existing or theoretical means.[14] When a manifestation of our reality previously considered supernatural is understood in the terms of causes and consequences, it acquires a scientific explanation.[15]
Some of the findings of science can be very counter-intuitive. Atomic theory, for example, implies that a granite boulder which appears a heavy, hard, solid, grey object is actually a combination of subatomic particles with none of these properties, moving very rapidly in space where the mass is concentrated in a very small fraction of the total volume. Many of humanity's preconceived notions about the workings of the universe have been challenged by new scientific discoveries. Quantum mechanics, particularly, examines phenomena that seem to defy our most basic postulates about causality and fundamental understanding of the world around us. Science is the branch of knowledge dealing with people and the understanding we have of our environment and how it works.
There are different schools of thought in the philosophy of scientific method. Methodological naturalism maintains that scientific investigation must adhere to empirical study and independent verification as a process for properly developing and evaluating natural explanations for observable phenomena. Methodological naturalism, therefore, rejects supernatural explanations, arguments from authority and biased observational studies. Critical rationalism instead holds that unbiased observation is not possible and a demarcation between natural and supernatural explanations is arbitrary; it instead proposes falsifiability as the landmark of empirical theories and falsification as the universal empirical method. Critical rationalism argues for the ability of science to increase the scope of testable knowledge, but at the same time against its authority, by emphasizing its inherent fallibility. It proposes that science should be content with the rational elimination of errors in its theories, not in seeking for their verification (such as claiming certain or probable proof or disproof; both the proposal and falsification of a theory are only of methodological, conjectural, and tentative character in critical rationalism). Instrumentalism rejects the concept of truth and emphasizes merely the utility of theories as instruments for explaining and predicting phenomena.

Critiques

Science, pseudoscience and nonscience
Main articles: Cargo cult science, Fringe science, Junk science, Pseudoscience, and Scientific misconduct
Any established body of knowledge which masquerades as science in an attempt to claim a legitimacy which it would not otherwise be able to achieve on its own terms is not science; it is often known as fringe- or alternative science. The most important of its defects is usually the lack of the carefully controlled and thoughtfully interpreted experiments which provide the foundation of the natural sciences and which contribute to their advancement. Another term, junk science, is often used to describe scientific theories or data which, while perhaps legitimate in themselves, are believed to be mistakenly used to support an opposing position. There is usually an element of political or ideological bias in the use of the term. Thus the arguments in favor of limiting the use of fossil fuels in order to reduce global warming are often characterized as junk science by those who do not wish to see such restrictions imposed, and who claim that other factors may well be the cause of global warming. A wide variety of commercial advertising (ranging from hype to outright fraud) would also fall into this category. Finally, there is just plain bad science, which is commonly used to describe well-intentioned but incorrect, obsolete, incomplete, or over-simplified expositions of scientific ideas.
The status of many bodies of knowledge as true sciences, has been a matter of debate. Discussion and debate abound in this topic with some fields like the social and behavioural sciences accused by critics of being unscientific. Many groups of people from academicians like Nobel Prize physicist Percy W. Bridgman,[16] or Dick Richardson, Ph.D.—Professor of Integrative Biology at the University of Texas at Austin,[17] to politicians like U.S. Senator Kay Bailey Hutchison and other co-sponsors,[18] oppose giving their support or agreeing with the use of the label "science" in some fields of study and knowledge they consider non-scientific, ambiguous, or scientifically irrelevant compared with other fields. Karl Popper denied the existence of evidence[19] and of scientific method.[20] Popper holds that there is only one universal method, the negative method of trial and error. It covers not only all products of the human mind, including science, mathematics, philosophy, art and so on, but also the evolution of life.[21] He also contributed to the Positivism dispute, a philosophical dispute between Critical rationalism (Popper,Albert) and the Frankfurt School (Adorno, Habermas) about the methodology of the social sciences.[22]

Philosophical focus
Historian Jacques Barzun termed science "a faith as fanatical as any in history" and warned against the use of scientific thought to suppress considerations of meaning as integral to human existence.[23] Many recent thinkers, such as Carolyn Merchant, Theodor Adorno and E. F. Schumacher considered that the 17th century scientific revolution shifted science from a focus on understanding nature, or wisdom, to a focus on manipulating nature, i.e. power, and that science's emphasis on manipulating nature leads it inevitably to manipulate people, as well.[24] Science's focus on quantitative measures has led to critiques that it is unable to recognize important qualitative aspects of the world.[24] It is not clear, however, if this kind of criticism is adequate to a vast number of non-experimental scientifics fields like Astronomy, Cosmology, Evolutionary Biology, Complexity Theory, Paleontology, Paleoanthropology, Archeology, Earth Sciences, Climatology, Ecology and other sciences, like Statistical Physics of irreversible non-linear systems, that emphasize systemic and historically contingent frozen accidents. Considerations about the philosophical impact of science to the discussion of the (or lack of) meaning in human existence are not supressed but strongly discussed in the literature of science divulgation, a movement sometimes called The Third Culture.
The implications of the ideological denial of ethics for the practice of science itself in terms of fraud, plagiarism, and data falsification, has been criticized by several academics. In "Science and Ethics", the philosopher Bernard Rollin examines the ideology that denies the relevance of ethics to science, and argues in favor of making education in ethics part and parcel of scientific training.[25]

The media and the scientific debate
The mass media face a number of pressures that can prevent them from accurately depicting competing scientific claims in terms of their credibility within the scientific community as a whole. Determining how much weight to give different sides in a scientific debate requires considerable expertise on the issue at hand.[26] Few journalists have real scientific knowledge, and even beat reporters who know a great deal about certain scientific issues may know little about other ones they are suddenly asked to cover.[27][28]

Epistemological inadequacies
Psychologist Carl Jung believed that though science attempted to understand all of nature, the experimental method used would pose artificial, conditional questions that evoke only partial answers.[29] Robert Anton Wilson criticized science for using instruments to ask questions that produce answers only meaningful in terms of the instrument, and that there was no such thing as a completely objective vantage point from which to view the results of science.[30]

Scientific community
Main article: Scientific community
The scientific community consists of the total body of scientists, its relationships and interactions. It is normally divided into "sub-communities" each working on a particular field within science.

Fields
Main article: Fields of science
Fields of science are commonly classified along two major lines: natural sciences, which study natural phenomena (including biological life), and social sciences, which study human behavior and societies. These groupings are empirical sciences, which means the knowledge must be based on observable phenomena and capable of being experimented for its validity by other researchers working under the same conditions.[31] There are also related disciplines that are grouped into interdisciplinary and applied sciences, such as engineering and health science. Within these categories are specialized scientific fields that can include elements of other scientific disciplines but often possess their own terminology and body of expertise.[32]
Mathematics, which is sometimes classified within a third group of science called formal science, has both similarities and differences with the natural and social sciences.[31] It is similar to empirical sciences in that it involves an objective, careful and systematic study of an area of knowledge; it is different because of its method of verifying its knowledge, using a priori rather than empirical methods.[31] Formal science, which also includes statistics and logic, is vital to the empirical sciences. Major advances in formal science have often led to major advances in the physical and biological sciences. The formal sciences are essential in the formation of hypotheses, theories, and laws,[31] both in discovering and describing how things work (natural sciences) and how people think and act (social sciences).

Institutions

Louis XIV visiting the Académie des sciences in 1671.
Learned societies for the communication and promotion of scientific thought and experimentation have existed since the Renaissance period.[33] The oldest surviving institution is the Accademia dei Lincei in Italy.[34] National Academy of Sciences are distinguished institutions that exist in a number of countries, beginning with the British Royal Society in 1660[35] and the French Académie des Sciences in 1666.[36]
International scientific organizations, such as the International Council for Science, have since been formed to promote cooperation between the scientific communities of different nations. More recently, influential government agencies have been created to support scientific research, including the National Science Foundation in the U.S.
Other prominent organizations include the academies of science of many nations, CSIRO in Australia, Centre national de la recherche scientifique in France, Max Planck Society and Deutsche Forschungsgemeinschaft in Germany, and in Spain, CSIC.

Literature
Main article: Scientific literature
An enormous range of scientific literature is published.[37] Scientific journals communicate and document the results of research carried out in universities and various other research institutions, serving as an archival record of science. The first scientific journals, Journal des Sçavans followed by the Philosophical Transactions, began publication in 1665. Since that time the total number of active periodicals has steadily increased. As of 1981, one estimate for the number of scientific and technical journals in publication was 11,500.[38] While Pubmed lists almost 40,000, related to the medical sciences only.[39]
Most scientific journals cover a single scientific field and publish the research within that field; the research is normally expressed in the form of a scientific paper. Science has become so pervasive in modern societies that it is generally considered necessary to communicate the achievements, news, and ambitions of scientists to a wider populace.
Science magazines such as New Scientist, Science & Vie and Scientific American cater to the needs of a much wider readership and provide a non-technical summary of popular areas of research, including notable discoveries and advances in certain fields of research. Science books engage the interest of many more people. Tangentially, the science fiction genre, primarily fantastic in nature, engages the public imagination and transmits the ideas, if not the methods, of science.
Recent efforts to intensify or develop links between science and non-scientific disciplines such as Literature or, more specifically, Poetry, include the Creative Writing <-> Science resource developed through the Royal Literary Fund.[40]