Content tagged with “economics” under “Stuff I Looked Up”

There are 7 item(s) tagged with “economics” in this section.

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Bourse
Section
Stuff I Looked Up
Type
Explanation
Date
September 16, 2023
Words
132

“ This is the French word meaning ‘stock exchange’ or ‘merchant exchange.’ It comes from a historic word meaning ‘meeting of merchants.’ ”

Cap And Trade
Section
Stuff I Looked Up
Type
Explanation
Date
August 27, 2022
Words
638

“This is an economic model used to reduce carbon emissions. A government sets a ‘cap’ on the total amount of emissions to be allowed, and they sell ‘permits’ or ‘certificates’ or ‘credits’ which allow organizations to emit a certain amount against that cap. The goal is to slowly reduce the cap every…”

Dutch Disease
Section
Stuff I Looked Up
Type
Explanation
Date
April 19, 2023
Words
120

“This is an economic phenomenon where a drastic improvement in one part of country’s economy leads to a decline in other parts. Specifically, it refers to the rise in the valuation of the Dutch guilder when a large oil field was discovered in the late 1950s. This caused exports to be more expensive,…”

Keynesian Economics
Section
Stuff I Looked Up
Type
Explanation
Date
January 16, 2022
Words
220

“John Maynard Keynes was a British economist. He had a lot of theories about economics, but it basically boils down to this – The government has to intervene in the economy . In a rescission, government has to increase spending to increase demand. During a boom, the government needs to reduce…”

Lumpenproletariot
Section
Stuff I Looked Up
Type
Explanation
Date
February 3, 2025
Words
112

“According to Karl Marx, this is the lowest class. This is the working class – the classic Proletariot – but so ignorant that they’re not even aware of their situation, and don’t care about any class warfare. They have either accepted their fate, or simply aren’t aware that they are being exploited….”

Monopsony
Section
Stuff I Looked Up
Type
Explanation
Date
November 29, 2021
Words
195

“This is opposite of a monopoly. In a monopoly, there is a single seller and lots of buyers, allowing the seller to control the market. In a monopsony, there is a single buyer , which allows the buyer to control the market. For example, if you manufacture trigger mechanisms for nuclear warheads, you…”