Ricardian economics — David Ricardo was born in 1772 and made a fortune by later becoming a stockbroker and loan broker (Henderson 826, Fusfeld 325). At the age of 27, he read An Inquiry into the Nature and Causes of Wealth of Nations by Adam Smith and was energized… … Wikipedia
Ricardian equivalence — Ricardian equivalence, (also known as the Barro Ricardo equivalence proposition) is an economic theory which suggests that it does not matter whether a government finances its spending with debt or tax increase, total level of demand in an… … Wikipedia
Heckscher-Ohlin model — The Heckscher Ohlin model (H O model) is a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics. It builds on David Ricardo s theory of comparative… … Wikipedia
David Ricardo — Classical economics Born 19 April 1772(1772 04 19) Died … Wikipedia
International trade — is exchange of capital, goods, and services across international borders or territories. [ [http://dictionary.reference.com/browse/trade dictionary.reference.com] ] In most countries, it represents a significant share of gross domestic product… … Wikipedia
Intra-industry trade — refers to the exchange of products belonging to the same industry. The term is usually applied to international trade, where the same kinds of goods and services are both imported and exported. ExamplesExamples of this kind of trade include… … Wikipedia
Comparative advantage — Economics … Wikipedia
Leontief paradox — Leontief s paradox in economics is that the country with the world s highest capital per worker has a lower in exports than in imports.This econometric find was the result of Professor Wassily W. Leontief s attempt to test the Heckscher Ohlin… … Wikipedia
Socialism — This article is about socialism as an economic system and political philosophy. For socialism as a specific stage of socioeconomic development in Marxist theory, see Socialism (Marxism) … Wikipedia
Keynesian economics — Economics … Wikipedia
economics — /ek euh nom iks, ee keuh /, n. 1. (used with a sing. v.) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind. 2. (used with a pl. v.) financial considerations;… … Universalium