Search results for keyword: jevons
simple equity method
Simple Equality of Equity
The simple equality of equity is an economic theory of income distribution that states that, when all types of income are distributed in equal proportions, it leads to greater economic efficiency and, therefore, a more prosperous economy. This theory has been around sinc......
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Sophie
Galatea Effect
Introduction
The Addis Ababa Effect, also known as the “Ethiopia Syndrome” or the “Third World Capital Syndrome,” is a phenomenon which emerged in the mid-1980s. It has since been observed in other cities, such as Cairo and Nairobi, as well as rural areas in South America and the Caribbean. T......
inca effect
The jevons Paradox
The jevons Paradox, also known as the rebou back effect, is a phenomenon first identified by British economist William Stanley jevons in the 19th century. The paradox states that although greater efficiency may lead to an overall reduction in the consumption of resources, this ......
William Stanley jevons
William Stallyn Gervais (February 16, 1841 - November 20, 1921) was an American writer and philosopher. Born in Connecticut, Gervais was a brilliant student, excelling in mathematics, science and history. He graduated from Yale University in 1861 and went on to attend Harvard Law School, where he r......
money demand theory
The Quantity Theory of Money (QTM) is an economical model used to explain changes in the general level of prices in the economy. It states that the amount of money circulating in the economy has a direct and proportional correlation with the level of prices. The underlying concept of the QTM is th......
Hayek's business cycle theory
Introduction
Irving Fisher was a prominent American economist in the early 20th century and one of the main founders of the neoclassical economic school. He is most famous for his work on the theory of money and his contribution to the notion of the business cycle, containing a series of expansio......
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