economic theory


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Noun1.economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)
theory - a well-substantiated explanation of some aspect of the natural world; an organized system of accepted knowledge that applies in a variety of circumstances to explain a specific set of phenomena; "theories can incorporate facts and laws and tested hypotheses"; "true in fact and theory"
consumerism - the theory that an increasing consumption of goods is economically beneficial
Keynesianism - the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
liberalism - an economic theory advocating free competition and a self-regulating market
Malthusian theory, Malthusianism - Malthus' theory that population increase would outpace increases in the means of subsistence
monetarism - an economic theory holding that variations in unemployment and the rate of inflation are usually caused by changes in the supply of money
economic science, economics, political economy - the branch of social science that deals with the production and distribution and consumption of goods and services and their management
References in classic literature ?
He carried under his arm a flat, grey portfolio of black-and-white sketches, which he had sold with more or less success to publishers ever since his uncle (who was an admiral) had disinherited him for Socialism, because of a lecture which he had delivered against that economic theory. His name was John Turnbull Angus.
Most of them know no more of the economic theory of Socialism than they know of Chaldee; but they no longer fear or condemn its name.
"This is the perfect example of the economic theory that when there is an abundance of supply, prices will drop.
He declined to answer, but instead reiterated his belief that Marxist economic theory must be taken into account when formulating policy.
They discuss economics and the economic system; the history of nature in an economic context; economic growth and whether it can be combined with nature conservation; natural resources, particularly the exploitation and exhaustion of non-renewable resources and depletable renewable resources; labor, capital, and land; welfare theory; social cost benefit analysis as a tool and its economic theory; the valuation of nature; and landscape economics.
According to classical economic theory, forces of supply and demand in the labor market would ensure full employment.
According to the classical economic theory, forces of supply and demand in the labour market would ensure full employment.
As coeditor in charge of "Theoretical Approaches to Innovative Data," it is my charge (largely self-appointed albeit strongly supported by the leadership team at Economic Inquiry) to ensure that economic theory is centrally placed in this inevitable process of growth.
Michael Turk has written an ambitious book on one of the central problems of economics: the relationship between economic theory and historical time.
I try to be at the forefront of appraisal technology, but after reading Misbehaving: The Making of Behavioral Economics I feel like I have been asleep at the wheel when it comes to economic theory. The bad news is that there is a sea change happening in economics that refutes some core theoretical axioms of our profession.
His research combines economic theory and historical evidence to explain long-term changes in politics, society, and the economy, with particular attention to economic growth and political development.
Economics versus Reality: How to Be Effective in the Real World in Spite of Economic Theory belongs in any college-level collection strong in economic theory and history, and offers an intriguing comparison between real world economics and textbook scenarios of the subject.