Search results for keyword: intervene
Pigou Effect
The Pigou Effect was first defined by British Economist Arthur Cecil Pigou in 1920. Pigou described the effect as a “net increase in real national income which results from a shift of resources from an industry in which costs are falling to another industry in which costs are rising”. This effec......
13/07/2023 
1037 
Oliver
"Introduction to Political Economy"
Introduction
Political economy is an interdisciplinary field that studies the political, economic and social effects of national policies. It is an important academic subject that studies the relationship between individuals and the state, governments and societies. It looks at strategies and pol......
Arthur Sessel Pigou's Tax Thoughts
Arthur Cecil Pigou (1877-1959) was a British economist who is best known for his work on taxation and welfare economics. He was one of the first to advocate economic intervention as a tool to tackle social and economic issues. His most famous work is his 1920 book, The Economics of Welfare, which ......
Austrian School of Economics
Austrian Economic School
The Austrian Economic School is a school of economic thought founded in the late 19th century by Carl Menger and today associated with the theories of Friedrich von Hayek and Ludwig von Mises. The school of thought is known for its emphasis on methodological individualism......
marginal revolution
Marginal Revolution: A Revolutionized Way of Thinking
The concept of marginal revolution dates back to the 19th century, when a group of scholars – including Jean-Baptiste Say and Carl Menger – developed new economic theories around the concept of marginal utility. This group of scholars sought......
Industrial investment
Industry Investment
Industry investment refers to the activities related to investing in the development, operation and management of industries. Investment in the industry provides a platform for improving the production efficiency, providing quality products and services, and exploring new marke......
financial intervention
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The Role of Governments in Financing Health Care
Health care is an integral part of the social system in any given country. It plays important roles in providing access to necessary care services and improving the quality of life. For countries to be effective in treating the health of their cit......
Financial crisis
The Global Financial Crisis
The global financial crisis (GFC) can be described as one of the most significant and impactful economic events in recent memory. It began in 2008 with the collapse of several large, influential banks and financial institutions. Initially, the effects of the GFC were l......
Pure Monetary Crisis Theory
Pure Monetary Crisis Theory
In economics, a pure monetary crisis occurs when a sudden breakdown in the value of money sets off a rush to sell commodities and increase money balances. This is different from an individual commodity or asset crisis, which occurs when the values of commodities or oth......
cost school
The concept of cost accounting dates back to the early 19th century and has become increasingly important in modern businesses. Cost accounting focuses on measuring, analyzing, and reporting the cost of producing, selling, and servicing a business’s products or services. This type of accounting i......
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