SettingsEconomic theories
Absolute advantage
In economics, the principle of absolute advantage refers to the ability of a party to produce more of a good or service than competitors, using the same amount of resources.
In economics, the principle of absolute advantage refers to the ability of a party to produce more of a good or service than competitors, using the same amount of resources.
Amateur professionalism
Amateur professionalism or professional amateurism is a socioeconomic concept that describes a blurring of the distinction between professional and amateur within any endeavour or attainab...
Amateur professionalism or professional amateurism is a socioeconomic concept that describes a blurring of the distinction between professional and amateur within any endeavour or attainab...
American School (economics)
The American School, also known as "National System", represents three different yet related constructs in politics, policy and philosophy.
The American School, also known as "National System", represents three different yet related constructs in politics, policy and philosophy.
Analytical Marxism
Analytical Marxism refers to a particular Marxist approach that was prominent amongst English-speaking philosophers and social scientists during the 1980s.
Analytical Marxism refers to a particular Marxist approach that was prominent amongst English-speaking philosophers and social scientists during the 1980s.
Anarchist economics
Anarchist economics is the set of theories and practices of economics and economic activity within the political philosophy of anarchism.
Anarchist economics is the set of theories and practices of economics and economic activity within the political philosophy of anarchism.
Animal spirits (Keynes)
"Animal spirits" is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe emotion which influences human behavior and can be mea...
"Animal spirits" is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe emotion which influences human behavior and can be mea...
Applied economics
Applied economics is a term that refers to the application of economic theory and analysis.
Applied economics is a term that refers to the application of economic theory and analysis.
Asset based welfare
Asset based welfare is an economic theory of poverty eradication based upon the redistribution of productive assets in an economy rather than income.
Asset based welfare is an economic theory of poverty eradication based upon the redistribution of productive assets in an economy rather than income.
Attention economy
Attention economics is an approach to the management of information that treats human attention as a scarce commodity, and applies economic theory to solve various information management problems.
Attention economics is an approach to the management of information that treats human attention as a scarce commodity, and applies economic theory to solve various information management problems.
Attention work
Attention work is the professional generation and brokering of attention.
Attention work is the professional generation and brokering of attention.
Austrian School
The Austrian School of economics is a school of economic thought which advocates a methodological individualist approach to economics called praxeology, the theory that money is non-neutral, the...
The Austrian School of economics is a school of economic thought which advocates a methodological individualist approach to economics called praxeology, the theory that money is non-neutral, the...
Balanced job complex
A balanced job complex is a way of organizing a workplace or group that is both directly democratic and also creates relative equal empowerment among all people involved.
A balanced job complex is a way of organizing a workplace or group that is both directly democratic and also creates relative equal empowerment among all people involved.
Bequest motive
A bequest motive seeks to provide an economic justification for the phenomenon of gratuitous, intergenerational transfers of wealth.
A bequest motive seeks to provide an economic justification for the phenomenon of gratuitous, intergenerational transfers of wealth.
Bimetallism
In economics, bimetallism is a monetary standard in which the value of the monetary unit is defined as equivalent both to a certain quantity of gold and to a certain quantity of silver; such a s...
In economics, bimetallism is a monetary standard in which the value of the monetary unit is defined as equivalent both to a certain quantity of gold and to a certain quantity of silver; such a s...
Binary economics
Binary economics is a heterodox theory of economics that endorses both private property and a free market but proposes significant reforms to the banking system.
Binary economics is a heterodox theory of economics that endorses both private property and a free market but proposes significant reforms to the banking system.
Birmingham School (economics)
The Birmingham School was a school of economic thought that emerged in Birmingham, England during the early nineteenth century, specifically in the Post-Napoleonic depression that affected Engla...
The Birmingham School was a school of economic thought that emerged in Birmingham, England during the early nineteenth century, specifically in the Post-Napoleonic depression that affected Engla...
Bottom of the pyramid
In economics, the bottom of the pyramid is the largest, but poorest socio-economic group.
In economics, the bottom of the pyramid is the largest, but poorest socio-economic group.
Buffer Theory
In the late 1950s a number of European countries decided on a migration policy known as the Buffer theory.
In the late 1950s a number of European countries decided on a migration policy known as the Buffer theory.
Buffer theory
In the late 1950s a number of European countries decided on a migration policy known as the Buffer theory.
In the late 1950s a number of European countries decided on a migration policy known as the Buffer theory.
Business Network Transformation
A Business Network Transformation (BNT) is a market phenomenon where companies go beyond their traditional business boundaries to drive profitable growth.
A Business Network Transformation (BNT) is a market phenomenon where companies go beyond their traditional business boundaries to drive profitable growth.
Business network transformation
A Business network transformation is a market phenomenon where companies go beyond their traditional business boundaries to drive profitable growth.
A Business network transformation is a market phenomenon where companies go beyond their traditional business boundaries to drive profitable growth.
Calmfors-Driffill hypothesis
The Calmfors-Driffill hypothesis is a macroeconomic theory in labour economics that states that there is a non-linear relationship between the degree of collective bargaining in an economy and t...
The Calmfors-Driffill hypothesis is a macroeconomic theory in labour economics that states that there is a non-linear relationship between the degree of collective bargaining in an economy and t...
Circular Cumulative Causation
Circular cumulative causation is a theory developed by Swedish economist Gunnar Myrdal.It´s a multi-causal approach where the core variables and their linkages are delineated.
Circular cumulative causation is a theory developed by Swedish economist Gunnar Myrdal.It´s a multi-causal approach where the core variables and their linkages are delineated.
Classical dichotomy
In macroeconomics, the classical dichotomy refers to an idea attributed to classical and pre-Keynesian economics that real and nominal variables can be analyzed separately.
In macroeconomics, the classical dichotomy refers to an idea attributed to classical and pre-Keynesian economics that real and nominal variables can be analyzed separately.
Classical theory of growth and stagnation
To understand the generalized classical theory of growth and stagnation, let us first look into the individual theories propagated by each of the three economists in detail.
To understand the generalized classical theory of growth and stagnation, let us first look into the individual theories propagated by each of the three economists in detail.
Cluster theory
Cluster theory is a theory of strategy.
Cluster theory is a theory of strategy.
Coal depletion
Coal depletion is the inescapable result of extracting and consuming coal since it is a nonrenewable natural resource.
Coal depletion is the inescapable result of extracting and consuming coal since it is a nonrenewable natural resource.
Coasian solution
A Coasian Solution, named after the economist Ronald Coase, is an economics solution resulting from the use of the Coase Theorem to achieve economic efficiency in the presence of externalities w...
A Coasian Solution, named after the economist Ronald Coase, is an economics solution resulting from the use of the Coase Theorem to achieve economic efficiency in the presence of externalities w...
Cobweb model
The cobweb model or cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.
The cobweb model or cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.
Cognitive-cultural economy
Cognitive-cultural economy (or cognitive-cultural capitalism) is represented by sectors such as high-technology industry, business and financial services, personal services, the media, the cultu...
Cognitive-cultural economy (or cognitive-cultural capitalism) is represented by sectors such as high-technology industry, business and financial services, personal services, the media, the cultu...
Commercialism
Commercialism, in its original meaning, is the practices, methods, aims, and spirit of commerce or business.
Commercialism, in its original meaning, is the practices, methods, aims, and spirit of commerce or business.
Comparative advantage
In economics, the theory of comparative advantage refers to the ability of a person or a country to produce a particular good or service at a lower marginal and opportunity cost over another.
In economics, the theory of comparative advantage refers to the ability of a person or a country to produce a particular good or service at a lower marginal and opportunity cost over another.
Competitive advantage
Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry.
Complementary assets
Complementary assets are assets, infrastructure or capabilities needed to support the successful commercialization and marketing of a technological innovation, other than those assets fundamenta...
Complementary assets are assets, infrastructure or capabilities needed to support the successful commercialization and marketing of a technological innovation, other than those assets fundamenta...
Complexity economics
Complexity economics is the application of complexity science to the problems of economics.
Complexity economics is the application of complexity science to the problems of economics.
Core competency
A core competency is a specific factor that a business sees as being central to the way it, or its employees, works.
A core competency is a specific factor that a business sees as being central to the way it, or its employees, works.
Cost the limit of price
Cost the limit of price was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value.
Cost the limit of price was a maxim coined by Josiah Warren, indicating a (prescriptive) version of the labor theory of value.
Critical minimum effort theory
The critical minimum effort theory has been given by Harvey Leibenstein, in his book Economic Backwardness and Economic Growth.
The critical minimum effort theory has been given by Harvey Leibenstein, in his book Economic Backwardness and Economic Growth.
D'Aveni's 7S framework
D'Aveni's 7S framework is a key approach that can be used to direct a firm in a high velocity or Hypercompetitive markets.
D'Aveni's 7S framework is a key approach that can be used to direct a firm in a high velocity or Hypercompetitive markets.
Dahrendorf hypothesis
The Dahrendorf hypothesis is the name given to a hypothesis by the German-British political scientist Ralf Dahrendorf, which states that diversity is desirable in economic policies across time a...
The Dahrendorf hypothesis is the name given to a hypothesis by the German-British political scientist Ralf Dahrendorf, which states that diversity is desirable in economic policies across time a...
Decoy effect
In marketing, the decoy effect (or asymmetric dominance effect) is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presente...
In marketing, the decoy effect (or asymmetric dominance effect) is the phenomenon whereby consumers will tend to have a specific change in preference between two options when also presente...
Demand-pull theory
In economics, the demand-pull theory is the theory that inflation occurs when demand for goods and services exceeds existing supplies.
In economics, the demand-pull theory is the theory that inflation occurs when demand for goods and services exceeds existing supplies.
Developmentalism
Developmentalism is an economic theory which states that the best way for Third World countries to develop is through fostering a strong and varied internal market and to impose high tariffs on ...
Developmentalism is an economic theory which states that the best way for Third World countries to develop is through fostering a strong and varied internal market and to impose high tariffs on ...
Diamond model
The diamond model is an economical model developed by Michael Porter in his book The Competitive Advantage of Nations, where he published his theory of why particular industries become compe...
The diamond model is an economical model developed by Michael Porter in his book The Competitive Advantage of Nations, where he published his theory of why particular industries become compe...
Differences between the Natural Rate of Unemployment and the NAIRU
The Natural Rate of Unemployment and the NAIRU are two related but separate concepts within macroeconomics.
The Natural Rate of Unemployment and the NAIRU are two related but separate concepts within macroeconomics.
Director's Law
Director's Law states that the bulk of public programs are designed primarily to benefit the middle classes but are financed by taxes paid primarily by the upper and lower classes.
Director's Law states that the bulk of public programs are designed primarily to benefit the middle classes but are financed by taxes paid primarily by the upper and lower classes.
Dominant Design
Dominant Design is a Technology Management concept identifying key technological designs that become a de-facto standard in their market place.
Dominant Design is a Technology Management concept identifying key technological designs that become a de-facto standard in their market place.
Dominant design
Dominant design is a technology management concept identifying key technological designs that become a de-facto standard in their market place.
Dominant design is a technology management concept identifying key technological designs that become a de-facto standard in their market place.
Dominant group (economics)
For the specific use of a dominant group; i.e., use of the term 'dominant group' within the subject of economics, it is necessary to let each source produce its respective definition.
For the specific use of a dominant group; i.e., use of the term 'dominant group' within the subject of economics, it is necessary to let each source produce its respective definition.
Dumb agent theory
The dumb agent theory (DAT) states that many people making individual buying and selling decisions will better reflect true value than any one individual can.
The dumb agent theory (DAT) states that many people making individual buying and selling decisions will better reflect true value than any one individual can.
Eclectic paradigm
The eclectic paradigm is a theory in economics and is also known as the OLI-Model.
The eclectic paradigm is a theory in economics and is also known as the OLI-Model.
Ecodynamics
Ecodynamics is a part of applied economics.
Ecodynamics is a part of applied economics.
Ecological model of competition
The ecological model of competition is a reassessment of the nature of competition in the economy.
The ecological model of competition is a reassessment of the nature of competition in the economy.
Economic calculation problem
The economic calculation problem is a criticism of central economic planning.
The economic calculation problem is a criticism of central economic planning.
Economic conscription
Economic conscription is a term used to describe mechanisms for recruitment of personnel for the armed forces through the use of economic conditions.
Economic conscription is a term used to describe mechanisms for recruitment of personnel for the armed forces through the use of economic conditions.
Economic conversion
Economic conversion, defence conversion, or arms conversion, is a technical, economic and political process for moving from military to civilian markets.
Economic conversion, defence conversion, or arms conversion, is a technical, economic and political process for moving from military to civilian markets.
Economic liberalism
Economic liberalism is the ideological belief in giving all people economic freedom, and as such granting people with more basis to control their own lives and make their own mistakes.
Economic liberalism is the ideological belief in giving all people economic freedom, and as such granting people with more basis to control their own lives and make their own mistakes.
Economic nationalism
Economic nationalism is a term used to describe policies which emphasize domestic control of the economy, labor and capital formation, even if this requires the imposition of tariffs and other ...
Economic nationalism is a term used to describe policies which emphasize domestic control of the economy, labor and capital formation, even if this requires the imposition of tariffs and other ...
Economic problem
The economic problem, sometimes called the basic, central or fundamental economic problem, is one of the fundamental economic theories in the operation of any economy.
The economic problem, sometimes called the basic, central or fundamental economic problem, is one of the fundamental economic theories in the operation of any economy.
Economic satiation
The economic principle of satiation is the effect whereby the more of a good one possesses the less one is willing to give up in order to get more of it.
The economic principle of satiation is the effect whereby the more of a good one possesses the less one is willing to give up in order to get more of it.
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
Economics is the social science that analyzes the production, distribution, and consumption of goods and services.
Economics of Lord Mahavira
As we all know that human wants are insatiable but the needs for a living are not.
As we all know that human wants are insatiable but the needs for a living are not.
Efficient-market hypothesis
In finance, the efficient-market hypothesis (EMH) asserts that financial markets are "informationally efficient".
In finance, the efficient-market hypothesis (EMH) asserts that financial markets are "informationally efficient".
Employee democracy
Employee democracy is a term initiated by Dean Adams Curtis to combine the concept of the employee-owned corporation with the ideas underpinning workplace democracy, industrial democracy, as wel...
Employee democracy is a term initiated by Dean Adams Curtis to combine the concept of the employee-owned corporation with the ideas underpinning workplace democracy, industrial democracy, as wel...
Employee ownership
ESOP is a defined contribution employee benefit plan that allows employees to become owners of stock in the company they work for.
ESOP is a defined contribution employee benefit plan that allows employees to become owners of stock in the company they work for.
Employee Share Ownership Plan
An employee share ownership plan (or "stock ownership", abbreviated to "ESOP") is the practice of companies giving staff members shares in their company as part of their salary.
An employee share ownership plan (or "stock ownership", abbreviated to "ESOP") is the practice of companies giving staff members shares in their company as part of their salary.
Employee stock ownership plan
Employee ownership can mean many things, ranging from a few executives owning stock in their companies to the ownership of a company by most or all of its employees.
Employee ownership can mean many things, ranging from a few executives owning stock in their companies to the ownership of a company by most or all of its employees.
Employee Stock Ownership Plan (ESOP)
An employee stock ownership plan is a defined contribution plan that provides a company's workers with retirement savings through investments in their employer's stock.
An employee stock ownership plan is a defined contribution plan that provides a company's workers with retirement savings through investments in their employer's stock.
Endogenous growth theory
Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external force.
Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external force.
Energy descent
Energy descent is the post-peak oil transitional phase, when humankind goes from the ascending use of energy that has occurred since the industrial revolution to a descending use of energy.
Energy descent is the post-peak oil transitional phase, when humankind goes from the ascending use of energy that has occurred since the industrial revolution to a descending use of energy.
English historical school of economics
The English historical school of economics, although not nearly as famous as its German counterpart, sought a return of inductive methods in economics, following the triumph of the deductive app...
The English historical school of economics, although not nearly as famous as its German counterpart, sought a return of inductive methods in economics, following the triumph of the deductive app...
Fed model
The "Fed model" is a theory of equity valuation that has found broad application in the investment community.
The "Fed model" is a theory of equity valuation that has found broad application in the investment community.
Fei-Ranis model of economic growth
The Fei–Ranis model of economic growth is a dualism model in developmental economics or welfare economics that has been developed by John C.H Fei and Gustav Ranis and can be understood as an ext...
The Fei–Ranis model of economic growth is a dualism model in developmental economics or welfare economics that has been developed by John C.H Fei and Gustav Ranis and can be understood as an ext...
Finance theory
Finance theory is the field that deals with investment making decisions and the concept of the time value of money.
Finance theory is the field that deals with investment making decisions and the concept of the time value of money.
Fisher hypothesis
In economics, the Fisher hypothesis (sometimes Fisher parity) is the proposition by Irving Fisher that the real interest rate is independent of monetary measures, especially the nominal in...
In economics, the Fisher hypothesis (sometimes Fisher parity) is the proposition by Irving Fisher that the real interest rate is independent of monetary measures, especially the nominal in...
Friction of distance
The concept of friction of distance is based on the notion that distance usually requires some amount of effort, money, and/or energy to overcome.
The concept of friction of distance is based on the notion that distance usually requires some amount of effort, money, and/or energy to overcome.
Gas depletion
Gas depletion is the inescapable result of extracting and consuming natural gas since it is a nonrenewable natural resource.
Gas depletion is the inescapable result of extracting and consuming natural gas since it is a nonrenewable natural resource.
Global labor arbitrage
Global labor arbitrage is an economic phenomenon where, as a result of the removal of or disintegration of barriers to international trade, jobs move to nations where labor and the cost of doing...
Global labor arbitrage is an economic phenomenon where, as a result of the removal of or disintegration of barriers to international trade, jobs move to nations where labor and the cost of doing...
Henry George Theorem
The Henry George Theorem, named for 19th century U.S. political economist and activist Henry George, states that under certain ideal conditions, aggregate spending by government will be equal to...
The Henry George Theorem, named for 19th century U.S. political economist and activist Henry George, states that under certain ideal conditions, aggregate spending by government will be equal to...
Historical school of economics
The Historical school of economics was an approach to academic economics and to public administration that emerged in 19th century in Germany, and held sway there until well into the 20th century.
The Historical school of economics was an approach to academic economics and to public administration that emerged in 19th century in Germany, and held sway there until well into the 20th century.
Hubbert peak theory
The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-sha...
The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-sha...
Hydraulic macroeconomics
Hydraulic Macroeconomics is, essentially, a study of the economy that treats money as a form of liquid that circulates through the economic plumbing.
Hydraulic Macroeconomics is, essentially, a study of the economy that treats money as a form of liquid that circulates through the economic plumbing.
Hypercompetition
Hypercompetition results from the dynamics of strategic maneuvering amongst competitors.
Hypercompetition results from the dynamics of strategic maneuvering amongst competitors.
Imperialism
Imperialism, as defined by Dictionary of Human Geography, is "the creation and/or maintenance of an unequal economic, cultural, and territorial relationship, usually between states and often...
Imperialism, as defined by Dictionary of Human Geography, is "the creation and/or maintenance of an unequal economic, cultural, and territorial relationship, usually between states and often...
Index (economics)
In economics and finance, an index is a statistical measure of changes in a representative group of individual data points.
In economics and finance, an index is a statistical measure of changes in a representative group of individual data points.
Indivisibility of labor
Indivisibility of labor in macroeconomics refers to the concept that labor cannot be used in continuous units but must be purchased from workers in blocks of time such as eight hours a day or fo...
Indivisibility of labor in macroeconomics refers to the concept that labor cannot be used in continuous units but must be purchased from workers in blocks of time such as eight hours a day or fo...
Infonomics
Infonomics is recent term to describe the study and emergent discipline of quantifying, managing and leveraging information as a formal business asset.
Infonomics is recent term to describe the study and emergent discipline of quantifying, managing and leveraging information as a formal business asset.
Innovation communication system
The Innovation Communication System is a subset of an innovation system, focusing on the flows of communication and attention within and around it.
The Innovation Communication System is a subset of an innovation system, focusing on the flows of communication and attention within and around it.
Innovation economics
Innovation economics or economics of innovation is a growing economic doctrine that reformulates conventional economics theory so that knowledge, technology, entrepreneurship, and innovati...
Innovation economics or economics of innovation is a growing economic doctrine that reformulates conventional economics theory so that knowledge, technology, entrepreneurship, and innovati...
Innovation saturation
Innovation Saturation was introduced by American economist and historian Tom Osenton in his 2004 book THE DEATH OF DEMAND: FINDING GROWTH IN A SATURATED GLOBAL ECONOMY.
Innovation Saturation was introduced by American economist and historian Tom Osenton in his 2004 book THE DEATH OF DEMAND: FINDING GROWTH IN A SATURATED GLOBAL ECONOMY.
Internationalization
In economics, internationalization has been viewed as a process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization ...
In economics, internationalization has been viewed as a process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization ...
Intrinsic theory of value
An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained...
An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained...
Juglar cycle
Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clement Juglar.
Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clement Juglar.
Jump process
A jump process is a type of stochastic process that has discrete movements, called jumps, rather than small continuous movements.
A jump process is a type of stochastic process that has discrete movements, called jumps, rather than small continuous movements.
Kenneth Boulding's Evolutionary Perspective
Kenneth E. Boulding's Evolutionary Perspective is an approach to economics (see also evolutionary economics) put forward most completely in his Ecodynamics (1978) and Evolutionary Economics (198...
Kenneth E. Boulding's Evolutionary Perspective is an approach to economics (see also evolutionary economics) put forward most completely in his Ecodynamics (1978) and Evolutionary Economics (198...
Keynesian economics
Keynesian economics are the group of macroeconomic schools of thought based on the ideas of 20th-century economist John Maynard Keynes.
Keynesian economics are the group of macroeconomic schools of thought based on the ideas of 20th-century economist John Maynard Keynes.
Khazzoom-Brookes postulate
In 1992, the US economist Harry Saunders dubbed this hypothesis the Khazzoom–Brookes postulate, and showed that it was true under neo-classical growth theory over a wide range of assumptions.
In 1992, the US economist Harry Saunders dubbed this hypothesis the Khazzoom–Brookes postulate, and showed that it was true under neo-classical growth theory over a wide range of assumptions.
Kitchin cycle
Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.
Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.
Kiyotaki–Moore model
The Kiyotaki–Moore model of credit cycles is an economic model developed by Nobuhiro Kiyotaki and John H. Moore that shows how small shocks to the economy might be amplified by credit restrictio...
The Kiyotaki–Moore model of credit cycles is an economic model developed by Nobuhiro Kiyotaki and John H. Moore that shows how small shocks to the economy might be amplified by credit restrictio...
Kondratiev wave
Kondratiev waves are described as sinusoidal-like cycles in the modern capitalist world economy.
Kondratiev waves are described as sinusoidal-like cycles in the modern capitalist world economy.
Kuznets swing
Kuznets swing is a claimed medium-range economic wave with a period of 15-25 years found in 1930 by Simon Kuznets.
Kuznets swing is a claimed medium-range economic wave with a period of 15-25 years found in 1930 by Simon Kuznets.
Learning-by-doing (economics)
Learning-by-doing is a concept within economic theory.
Learning-by-doing is a concept within economic theory.
Legal origins theory
In economics, the legal origins theory states that many aspects of a country's economic state of development are the result of their legal system, most of all where a particular country received...
In economics, the legal origins theory states that many aspects of a country's economic state of development are the result of their legal system, most of all where a particular country received...
Life-cycle hypothesis
The Life Cycle Hypothesis (LCH) is an economic concept analysing individual consumption patterns.
The Life Cycle Hypothesis (LCH) is an economic concept analysing individual consumption patterns.
Lifeboat economics
Lifeboat economics is a reference to Garrett Hardin's Lifeboat Ethics, as coined by Ken McCarthy.
Lifeboat economics is a reference to Garrett Hardin's Lifeboat Ethics, as coined by Ken McCarthy.
Lindahl tax
A Lindahl tax is a form of taxation in which individuals pay for the provision of a public good according to their marginal benefits.
A Lindahl tax is a form of taxation in which individuals pay for the provision of a public good according to their marginal benefits.
Linkage principle
The linkage principle is a finding of auction theory.
The linkage principle is a finding of auction theory.
Lipstick effect
The lipstick effect is the theory that when facing an economic crisis consumers will be more willing to buy less costly luxury goods.
The lipstick effect is the theory that when facing an economic crisis consumers will be more willing to buy less costly luxury goods.
Liquidity premium
Liquidity premium is a term used to explain a difference between two types of financial securities (e.g.
Liquidity premium is a term used to explain a difference between two types of financial securities (e.g.
Lump-sum tax
A lump-sum tax is a tax that is a fixed amount, no matter the change in circumstance of the taxed entity.
A lump-sum tax is a tax that is a fixed amount, no matter the change in circumstance of the taxed entity.
Malthusian trap
The Malthusian trap, named after political economist Thomas Robert Malthus, suggests that for most of human history, income was largely stagnant because technological advances and discoveries on...
The Malthusian trap, named after political economist Thomas Robert Malthus, suggests that for most of human history, income was largely stagnant because technological advances and discoveries on...
Marginal revenue productivity theory of wages
The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue ear...
The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue ear...
Market anomaly
A market anomaly (or market inefficiency) is a price and/or return distortion on a financial market that seems to contradict the efficient market hypothesis.
A market anomaly (or market inefficiency) is a price and/or return distortion on a financial market that seems to contradict the efficient market hypothesis.
Market monetarism
The Market monetarism school of macroeconomic advocates that central banks target the level of nominal income instead of inflation, unemployment or other measures of economic activity, including...
The Market monetarism school of macroeconomic advocates that central banks target the level of nominal income instead of inflation, unemployment or other measures of economic activity, including...
McCloskey critique
The McCloskey critique refers to a critique of post-1940s "official modernist" methodology in economics, inherited from logical positivism in philosophy.
The McCloskey critique refers to a critique of post-1940s "official modernist" methodology in economics, inherited from logical positivism in philosophy.
Mercantilism
Mercantilism is the economic doctrine in which government control of foreign trade is of paramount importance for ensuring the prosperity and military security of the state.
Mercantilism is the economic doctrine in which government control of foreign trade is of paramount importance for ensuring the prosperity and military security of the state.
Mindful economics
Mindful economics is an approach to economic theory and practice that is dedicated to institutional reform based on the core values of environmental sustainability, social justice, and stability.
Mindful economics is an approach to economic theory and practice that is dedicated to institutional reform based on the core values of environmental sustainability, social justice, and stability.
Monetarism
Monetarism theory says that the government's proper economic role is to control the rate of inflation by controlling the amount of money in circulation.
Monetarism theory says that the government's proper economic role is to control the rate of inflation by controlling the amount of money in circulation.
Monopolistic advantage theory
The monopolistic advantage theory is an approach in international business which explain why firms can compete in foreign settings against indigenous competitors.
The monopolistic advantage theory is an approach in international business which explain why firms can compete in foreign settings against indigenous competitors.
Mutualism (economic theory)
Mutualism is an economic theory and anarchist school of thought that envisions a society where each person might possess a means of production, either individually or collectively, with trade re...
Mutualism is an economic theory and anarchist school of thought that envisions a society where each person might possess a means of production, either individually or collectively, with trade re...
NAIRU
In monetarist economics, particularly the work of Milton Friedman, NAIRU is an acronym for Non-Accelerating Inflation Rate of Unemployment, and refers to a level of...
In monetarist economics, particularly the work of Milton Friedman, NAIRU is an acronym for Non-Accelerating Inflation Rate of Unemployment, and refers to a level of...
Natural Progress of Opulence
The Natural Progress of Opulence comes from a chapter in The Wealth of Nations by Adam Smith.
The Natural Progress of Opulence comes from a chapter in The Wealth of Nations by Adam Smith.
Neo-Keynesian economics
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes.
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes.
Neo-Ricardianism
The neo-Ricardian school is an economic school that derives from the close reading and interpretation of David Ricardo by Piero Sraffa, and from Sraffa's critique of Neoclassical economics as p...
The neo-Ricardian school is an economic school that derives from the close reading and interpretation of David Ricardo by Piero Sraffa, and from Sraffa's critique of Neoclassical economics as p...
Neoclassical economics
According to classical economists in the real sector of the economy "supply creats it's own demand" Neoclassical economics is a term variously used for approaches to economics focusing on ...
According to classical economists in the real sector of the economy "supply creats it's own demand" Neoclassical economics is a term variously used for approaches to economics focusing on ...
Neofeudalism
Neofeudalism (literally new feudalism – the terms are used interchangeably in the literature) refers to a theorized contemporary rebirth of policies of governance, economy and public life ...
Neofeudalism (literally new feudalism – the terms are used interchangeably in the literature) refers to a theorized contemporary rebirth of policies of governance, economy and public life ...
New classical macroeconomics
New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework.
New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical framework.
New Democracy
New Democracy or the New Democratic Revolution is a Maoist concept based on Mao Zedong's "Bloc of Four Social Classes" theory during post-revolutionary China which argues that democrac...
New Democracy or the New Democratic Revolution is a Maoist concept based on Mao Zedong's "Bloc of Four Social Classes" theory during post-revolutionary China which argues that democrac...
New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics.
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics.
New Trade Theory
New Trade Theory is a collection of economic models in international trade which focuses on the role of increasing returns to scale and network effects, which were developed in the late 1970s an...
New Trade Theory is a collection of economic models in international trade which focuses on the role of increasing returns to scale and network effects, which were developed in the late 1970s an...
Noisy market hypothesis
In finance, Noisy Market Hypothesis contrasts the efficient market hypothesis in that it claims that the prices of securities are not always the best estimate of the true underlying value of the...
In finance, Noisy Market Hypothesis contrasts the efficient market hypothesis in that it claims that the prices of securities are not always the best estimate of the true underlying value of the...
Non-availability approach
The non-availability explains international trade by the fact that each country imports the goods that are not available at home.
The non-availability explains international trade by the fact that each country imports the goods that are not available at home.
Non-equilibrium economics
Non-equilibrium economics deals with processes that exhibit self-reinforcing causation, as opposed to standard neoclassical equilibrium economics.
Non-equilibrium economics deals with processes that exhibit self-reinforcing causation, as opposed to standard neoclassical equilibrium economics.
Oil depletion
Oil depletion occurs in the second half of the production curve of an oil well, oil field, or the average of total world oil production.
Oil depletion occurs in the second half of the production curve of an oil well, oil field, or the average of total world oil production.
Oligopolistic reaction
An oligopolistic reaction is a concept from economics introduced by Frederick T. Knickerbocker to explain why firms follow rivals into foreign markets.
An oligopolistic reaction is a concept from economics introduced by Frederick T. Knickerbocker to explain why firms follow rivals into foreign markets.
Oul
Oul (Czech for 'beehive') was a workers mutual aid society, founded in Prague 1868 by the Old Czech politician and economist František Ladislav Chleborád.
Oul (Czech for 'beehive') was a workers mutual aid society, founded in Prague 1868 by the Old Czech politician and economist František Ladislav Chleborád.
Pay what you can
Pay what you can is a non-profit or for-profit business model which does not depend on set prices for its goods, but instead asks customers to pay what they feel the product or service is worth ...
Pay what you can is a non-profit or for-profit business model which does not depend on set prices for its goods, but instead asks customers to pay what they feel the product or service is worth ...
Peak coal
Peak coal is the point in time at which the maximum global coal production rate is reached, after which, according to the theory, the rate of production will enter to a terminal decline.
Peak coal is the point in time at which the maximum global coal production rate is reached, after which, according to the theory, the rate of production will enter to a terminal decline.
Peak copper
Peak copper is the point in time at which the maximum global copper production rate is reached.
Peak copper is the point in time at which the maximum global copper production rate is reached.
Peak gas
Peak gas is the point in time at which the maximum global natural gas production rate is reached, after which the rate of production enters its terminal decline.
Peak gas is the point in time at which the maximum global natural gas production rate is reached, after which the rate of production enters its terminal decline.
Peak uranium
Peak uranium is the point in time that the maximum global uranium production rate is reached.
Peak uranium is the point in time that the maximum global uranium production rate is reached.
Peak wheat
Peak wheat is the concept that agricultural production, due to its high use of water and energy inputs, is subject to the same profile as oil and gas production.
Peak wheat is the concept that agricultural production, due to its high use of water and energy inputs, is subject to the same profile as oil and gas production.
Pigou effect
The Pigou effect is an economics term that refers to the stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
The Pigou effect is an economics term that refers to the stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
Policy Ineffectiveness Proposition
The Policy Ineffectiveness Proposition is a new classical theory proposed in 1976 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations.
The Policy Ineffectiveness Proposition is a new classical theory proposed in 1976 by Thomas J. Sargent and Neil Wallace based upon the theory of rational expectations.
Post Keynesian economics
Post Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree b...
Post Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree b...
Post-Communism
Post-Communism is a name sometimes given to the period of political and economic transformation or "transition" in former Communist states located in parts of Europe and Asia, in which new gover...
Post-Communism is a name sometimes given to the period of political and economic transformation or "transition" in former Communist states located in parts of Europe and Asia, in which new gover...
Post-communism
Post-communism is a name sometimes given to the period of political and economic transformation or "transition" in former Communist states located in parts of Europe and Asia, in which new gover...
Post-communism is a name sometimes given to the period of political and economic transformation or "transition" in former Communist states located in parts of Europe and Asia, in which new gover...
Post-Fordism
Post-Fordism (also named Flexibilism) is the name given to the dominant system of economic production, consumption and associated socio-economic phenomena, in most industrialized countries since...
Post-Fordism (also named Flexibilism) is the name given to the dominant system of economic production, consumption and associated socio-economic phenomena, in most industrialized countries since...
Post-Marxism
Post-Marxism has two related, but different uses: (i) the socio-economic circumstances of Eastern Europe, especially in the ex-soviet republics after the Soviet Union's end; and (ii) the extrapo...
Post-Marxism has two related, but different uses: (i) the socio-economic circumstances of Eastern Europe, especially in the ex-soviet republics after the Soviet Union's end; and (ii) the extrapo...
Power theory of economics
Developed by Yasuma Takada in a series of lectures at Kyoto University in the late 1980s, the power theory of economics is mostly based on a critique of both mainstream economics as well as hete...
Developed by Yasuma Takada in a series of lectures at Kyoto University in the late 1980s, the power theory of economics is mostly based on a critique of both mainstream economics as well as hete...
Progressive theory of capital
The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics.
The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics.
Query theory
Query Theory (QT) is a theory that proposes that preferences are constructed (rather than pre-stored and immediately retrievable, as assumed by many economic models) by individuals in accordanc...
Query Theory (QT) is a theory that proposes that preferences are constructed (rather than pre-stored and immediately retrievable, as assumed by many economic models) by individuals in accordanc...
Ragnar Nurkse's balanced growth theory
Ragnar Nurkse's balanced growth theory too has been criticised on a number of grounds.
Ragnar Nurkse's balanced growth theory too has been criticised on a number of grounds.
Rahn curve
The Rahn curve is an economic theory, developed by Richard Rahn and supported by empirical analysis, which says there is a level of government spending which maximises economic growth.
The Rahn curve is an economic theory, developed by Richard Rahn and supported by empirical analysis, which says there is a level of government spending which maximises economic growth.
Rational choice theory
Rational choice theory, also known as choice theory or rational action theory is a framework for understanding and often formally modeling social and economic behavior.
Rational choice theory, also known as choice theory or rational action theory is a framework for understanding and often formally modeling social and economic behavior.
Real prices and ideal prices
Real prices and ideal prices refers to a distinction between actual prices paid for products, services, assets and labour, and computed prices which are not actually charged or paid ...
Real prices and ideal prices refers to a distinction between actual prices paid for products, services, assets and labour, and computed prices which are not actually charged or paid ...
Regulation school
The Régulation School is a group of writers on political economy and economics whose origins can be traced to France in the early 1970s where economic instability and stagflation were rampant in...
The Régulation School is a group of writers on political economy and economics whose origins can be traced to France in the early 1970s where economic instability and stagflation were rampant in...
Report on Manufactures
The Report on Manufactures is the third report, and magnum opus, of American Founding Father and 1st U.S. Treasury Secretary Alexander Hamilton.
The Report on Manufactures is the third report, and magnum opus, of American Founding Father and 1st U.S. Treasury Secretary Alexander Hamilton.
Reverse innovation
Reverse innovation or trickle-up innovation is a term referring to an innovation seen first, or likely to be used first, in the developing world before spreading to the industrialized world.
Reverse innovation or trickle-up innovation is a term referring to an innovation seen first, or likely to be used first, in the developing world before spreading to the industrialized world.
Rimini protocol
The Rimini Protocol (also called Uppsala Protocol) is a proposal made by the geologist Colin Campbell in 2003.
The Rimini Protocol (also called Uppsala Protocol) is a proposal made by the geologist Colin Campbell in 2003.
Robinson Crusoe Economy
A Robinson Crusoe Economy is a simple framework to study trade in economics.
A Robinson Crusoe Economy is a simple framework to study trade in economics.
Schumpeterian growth
Schumpeterian growth is an economic theory named after the 20th century Austrian economist Joseph Schumpeter.
Schumpeterian growth is an economic theory named after the 20th century Austrian economist Joseph Schumpeter.
Scitovsky paradox
The Scitovsky paradox is a theory which states that in welfare economics there is no increase in social welfare by a return to the original part of the losers.
The Scitovsky paradox is a theory which states that in welfare economics there is no increase in social welfare by a return to the original part of the losers.
Shadowstats.com
Shadowstats.com is a website that analyzes government economic and unemployment statistics based on methodologies used by previous United States administrations, from the pre-Clinton era to the ...
Shadowstats.com is a website that analyzes government economic and unemployment statistics based on methodologies used by previous United States administrations, from the pre-Clinton era to the ...
Shareholder Ownership Value
Shareholder Ownership Value is a financial theory that is starting to be discussed among academics in the US and internationally after the recent Sub-prime crisis.
Shareholder Ownership Value is a financial theory that is starting to be discussed among academics in the US and internationally after the recent Sub-prime crisis.
Shareholder ownership value
Shareholder ownership value is a financial theory that is starting to be discussed among academics in the US and internationally after the recent Sub-prime crisis.
Shareholder ownership value is a financial theory that is starting to be discussed among academics in the US and internationally after the recent Sub-prime crisis.
Simmons-Tierney bet
The Simmons–Tierney bet was a wager made in August 2005 between Houston banking executive Matthew R. Simmons and New York Times columnist John Tierney.
The Simmons–Tierney bet was a wager made in August 2005 between Houston banking executive Matthew R. Simmons and New York Times columnist John Tierney.
Simmons–Tierney bet
The Simmons–Tierney bet was a wager made in August 2005 between Houston banking executive Matthew R. Simmons and New York Times columnist John Tierney.
The Simmons–Tierney bet was a wager made in August 2005 between Houston banking executive Matthew R. Simmons and New York Times columnist John Tierney.
Singer-Prebisch thesis
The Singer-Prebisch thesis (often referred to as the Prebisch-Singer thesis or sometimes the Prebisch-Singer hypothesis) is the hypothesis that the terms of trade between primary pro...
The Singer-Prebisch thesis (often referred to as the Prebisch-Singer thesis or sometimes the Prebisch-Singer hypothesis) is the hypothesis that the terms of trade between primary pro...
Singer–Prebisch thesis
The Singer-Prebisch thesis (often referred to as the Prebisch-Singer thesis or sometimes the Prebisch-Singer hypothesis) is the hypothesis that the terms of trade between primary pro...
The Singer-Prebisch thesis (often referred to as the Prebisch-Singer thesis or sometimes the Prebisch-Singer hypothesis) is the hypothesis that the terms of trade between primary pro...
Smihula waves
Smihula waves are long-term waves of technological progress which are reflected also in long-term economic waves.
Smihula waves are long-term waves of technological progress which are reflected also in long-term economic waves.
Social Credit
Social Credit is an economic philosophy developed by C. H. Douglas, a British engineer, who wrote a book by that name in 1924.
Social Credit is an economic philosophy developed by C. H. Douglas, a British engineer, who wrote a book by that name in 1924.
Socialist accumulation
Socialist accumulation (in particular, primitive Socialist accumulation) was a concept put forth in the early Soviet Union as a counterpart of the concept of primitive accumulation of capi...
Socialist accumulation (in particular, primitive Socialist accumulation) was a concept put forth in the early Soviet Union as a counterpart of the concept of primitive accumulation of capi...
Spillover effect
Spillover effects are externalities of economic activity or processes those who are not directly involved in it.
Spillover effects are externalities of economic activity or processes those who are not directly involved in it.
Staples thesis
The staples thesis is a theory of Canadian economic development and Katya Reily.
The staples thesis is a theory of Canadian economic development and Katya Reily.
Starve the beast
"Starving the beast" is a fiscal-political strategy of American conservatives to cut taxes in order to deprive the government of revenue in a deliberate effort to create a fiscal budget crisis t...
"Starving the beast" is a fiscal-political strategy of American conservatives to cut taxes in order to deprive the government of revenue in a deliberate effort to create a fiscal budget crisis t...
Statism
Statism is a term used by political scientists to describe the belief that a government should control either economic or social policy or both to some degree.
Statism is a term used by political scientists to describe the belief that a government should control either economic or social policy or both to some degree.
Subjective theory of value
The subjective theory of value (or theory of subjective value) is an economic theory of value that identifies worth as being based on the wants and needs of the members of a society, as oppo...
The subjective theory of value (or theory of subjective value) is an economic theory of value that identifies worth as being based on the wants and needs of the members of a society, as oppo...
Subsistence economy
A subsistence economy is an economy which refers simply to the gathering or amassment of objects of value; the increase in wealth; or the creation of wealth.
A subsistence economy is an economy which refers simply to the gathering or amassment of objects of value; the increase in wealth; or the creation of wealth.
Supply-side economics
Supply-side economics is a group of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services,...
Supply-side economics is a group of macroeconomic thought that argues that economic growth can be most effectively created by lowering barriers for people to produce (supply) goods and services,...
Technological dualism
Technological dualism is proposed by Benjamin Higgins.
Technological dualism is proposed by Benjamin Higgins.
Technology gap
The technology gap theory describes an advantage enjoyed by the country that introduces new goods in a market.
The technology gap theory describes an advantage enjoyed by the country that introduces new goods in a market.
Teoría de Precios: Porqué está mal la Economía
Teoría de Precios: Porqué está mal la Economía is an economic essay written in text book format by Mexican author Jorge S. Del Villar G.
Teoría de Precios: Porqué está mal la Economía is an economic essay written in text book format by Mexican author Jorge S. Del Villar G.
The Other Canon Foundation
The Other Canon Foundation is a center and network for research of heterodox economics founded by Erik Reinert.
The Other Canon Foundation is a center and network for research of heterodox economics founded by Erik Reinert.
The Theory of Interstellar Trade
The Theory of Interstellar Trade is a paper written in 1978 by economist Paul Krugman.
The Theory of Interstellar Trade is a paper written in 1978 by economist Paul Krugman.
The Theory of Natural Limits
The Theory of Natural limits was introduced by American economist and author Tom Osenton is his 2004 book The Death of Demand: Finding Growth in a Saturated Global Economy (Financial Times P...
The Theory of Natural limits was introduced by American economist and author Tom Osenton is his 2004 book The Death of Demand: Finding Growth in a Saturated Global Economy (Financial Times P...
Theory of conjoint measurement
The theory of conjoint measurement is a general, formal theory of continuous quantity.
The theory of conjoint measurement is a general, formal theory of continuous quantity.
Theory of Productive Forces
The Theory of Productive Forces is a widely-used concept in communism and Marxism placing primary emphasis on technical advances and strong productive forces in a nominally socialist economy bef...
The Theory of Productive Forces is a widely-used concept in communism and Marxism placing primary emphasis on technical advances and strong productive forces in a nominally socialist economy bef...
Theory of the firm
The theory of the firm consists of a number of economic theories that describe, explain, and predict the nature of the firm, company, or corporation, including its existence, behavior, structure...
The theory of the firm consists of a number of economic theories that describe, explain, and predict the nature of the firm, company, or corporation, including its existence, behavior, structure...
Theory of the second best
In welfare economics, the theory of the second best concerns what happens when one or more optimality conditions cannot be satisfied.
In welfare economics, the theory of the second best concerns what happens when one or more optimality conditions cannot be satisfied.
Theory of value (economics)
"Theory of value" is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services.
"Theory of value" is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services.
Time preference
In economics, time preference (or "discounting") pertains to how large a premium a consumer places on enjoyment nearer in time over more remote enjoyment.
In economics, time preference (or "discounting") pertains to how large a premium a consumer places on enjoyment nearer in time over more remote enjoyment.
Toothpaste tube theory
There are different theories, in different formulations, which each have been popularly called the toothpaste tube theory.
There are different theories, in different formulations, which each have been popularly called the toothpaste tube theory.
Tournament theory
Tournament theory is the theory in economics used to describe certain situations where wage differences are based not on marginal productivity but instead based upon relative differences between...
Tournament theory is the theory in economics used to describe certain situations where wage differences are based not on marginal productivity but instead based upon relative differences between...
Trickle up effect
The trickle up effect is an economic theory used to describe the flow of wealth from the poor to the affluent; it is opposite to the trickle down effect.
The trickle up effect is an economic theory used to describe the flow of wealth from the poor to the affluent; it is opposite to the trickle down effect.
Trickle-down economics
"Trickle-down economics" and "the trickle-down theory" are terms in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to busines...
"Trickle-down economics" and "the trickle-down theory" are terms in United States politics to refer to the idea that tax breaks or other economic benefits provided by government to busines...
Truncated dependent variable
In economics, truncated dependent variables are variables for which observations cannot be made for certain values in some range.
In economics, truncated dependent variables are variables for which observations cannot be made for certain values in some range.
Turnpike model of money
The turnpike model of money explains valued money as a way to facilitate trade between agents who meet as strangers in spatially separated isolated markets with no communication or transactions...
The turnpike model of money explains valued money as a way to facilitate trade between agents who meet as strangers in spatially separated isolated markets with no communication or transactions...
Unified growth theory
Unified growth theory was developed to address the inability of endogenous growth theory to explain key empirical regularities in the growth processes of individual economies and the world econ...
Unified growth theory was developed to address the inability of endogenous growth theory to explain key empirical regularities in the growth processes of individual economies and the world econ...
Uppsala model
The Uppsala model is a theory that explains how firms gradually intensify their activities in foreign markets.
The Uppsala model is a theory that explains how firms gradually intensify their activities in foreign markets.
Upstream price
Upstream price is an economic term that refers to the price of main inputs of production or prices quoted on higher market levels.
Upstream price is an economic term that refers to the price of main inputs of production or prices quoted on higher market levels.
Veblenian dichotomy
The Veblenian dichotomy is a concept first suggested by sociologist and economist Thorstein Veblen in his 1904 book The Theory of Business Enterprise.
The Veblenian dichotomy is a concept first suggested by sociologist and economist Thorstein Veblen in his 1904 book The Theory of Business Enterprise.
Wicksell's theory of capital
Named after Swedish economist Knut Wicksell (1851-1926), Wicksell's theory of capital examines factor prices as derived from the value of the marginal product.
Named after Swedish economist Knut Wicksell (1851-1926), Wicksell's theory of capital examines factor prices as derived from the value of the marginal product.
Wimbledon Effect
The Wimbledon Effect is a chiefly British and Japanese analogy which compares the tennis fame of the Wimbledon Championships, held at the All England Lawn Tennis and Croquet Club in Wimbledon, L...
The Wimbledon Effect is a chiefly British and Japanese analogy which compares the tennis fame of the Wimbledon Championships, held at the All England Lawn Tennis and Croquet Club in Wimbledon, L...
World-systems theory
World-systems theory is a multidisciplinary, macro-scale approach to world history and social change.
World-systems theory is a multidisciplinary, macro-scale approach to world history and social change.