Economics & Economic Systems, STI-TRA
Economic system, any of the ways in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, corresponding to the many cultural arrangements that have characterized human society.
Economics & Economic Systems Encyclopedia Articles By Title
George J. Stigler was an American economist whose incisive and unorthodox studies of marketplace behaviour and......
Joseph E. Stiglitz is an American economist who, with A. Michael Spence and George A. Akerlof, won the Nobel Prize......
In finance, stock is the subscribed capital of a corporation or limited-liability company (LLC), usually divided......
stock exchange, organized market for the sale and purchase of securities such as shares, stocks, and bonds. In......
A stock option is a contract that enables the holder to buy or sell a security at a designated price (called the......
Sir Richard Stone was a British economist who in 1984 received the Nobel Prize for Economics for developing an......
John Strachey was a British Socialist writer and Labour politician known for his contributions to leftist thought......
strategic planning, disciplined effort to produce decisions and actions that shape and guide an organization’s......
Dominique Strauss-Kahn is a French economist and politician who served (2007–11) as the managing director of the......
strike, collective refusal by employees to work under the conditions required by employers. Strikes arise for a......
Anna Louise Strong was an American journalist and author who published numerous articles and books about developments......
student aid, form of assistance designed to help students pay for their education. In general, such awards are......
subprime lending, the practice of extending credit to borrowers with low incomes or poor, incomplete, or nonexistent......
subprime mortgage, a type of home loan extended to individuals with poor, incomplete, or nonexistent credit histories.......
subsidiary, a company that is at least 51 percent owned by another business firm, known as a parent company or......
subsidy, a direct or indirect payment, economic concession, or privilege granted by a government to private firms,......
subsistence theory, in labour economics, a theory of the factors that determine the level of wages in a capitalist......
Suharto was an army officer and political leader who was president of Indonesia from 1967 to 1998. His three decades......
Lawrence Summers was one of the main architects of U.S. economic policy in the last decade of the 20th century......
sunk cost, in economics and finance, a cost that has already been incurred and that cannot be recovered. In economic......
supermarket, large retail store operated on a self-service basis, selling groceries, fresh produce, meat, bakery......
supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at......
supply curve, in economics, graphic representation of the relationship between product price and quantity of product......
supply-side economics, theory that focuses on influencing the supply of labor and goods, using tax cuts and benefit......
surplus value, Marxian economic concept that professed to explain the instability of the capitalist system. Adhering......
sustainable development, approach to social, economic, and environmental planning that attempts to balance the......
Yakov Mikhaylovich Sverdlov was a Soviet Communist Party leader and government official. His organizational skills......
Pehr Evind Svinhufvud was the first chief of state of independent Finland, as prime minister and then as president.......
sweatshop, workplace in which workers are employed at low wages and under unhealthy or oppressive conditions. In......
John Sweeney was an American labour leader who served as president of the American Federation of Labor–Congress......
A U.S. $1 bill is one of the world’s most recognizable currencies, but how closely have you looked at it? The bill......
István, Count Széchenyi was a reformer and writer whose practical enterprises represented an effort toward Hungarian......
Damdiny Sühbaatar was a cofounder and leader of the Mongolian People’s Revolutionary Party, who was the major force......
Sōhyō, trade-union federation that was the largest in Japan. Sōhyō was founded in 1950 as a democratic trade-union......
tael, a Chinese unit of weight that, when applied to silver, was long used as a unit of currency. Most taels were......
Taff Vale case, (1900–01), in Great Britain, the successful trial of a suit brought by the Taff Vale Railway Company......
Taft–Hartley Act, (1947), in U.S. history, law—enacted over the veto of Pres. Harry S. Truman—amending much of......
taille, the most important direct tax of the pre-Revolutionary monarchy in France. Its unequal distribution, with......
Takahashi Hisako was a Japanese economist and government official who became the first female member of the Supreme......
tallage, in medieval Europe, a tax imposed by the lord of an estate upon his unfree tenants. In origin, both the......
Ibrahim Datuk Tan Malaka (Headman) was an Indonesian Communist leader who competed with Sukarno for control of......
Taoka Kazuo was Japan’s major crime boss (oyabun), who, after World War II, rose to head a giant crime organization,......
A tariff is a tax levied upon goods as they cross national boundaries, usually by the government of the importing......
Frank William Taussig was an American economist whose contributions to trade theory have been of major importance......
Richard Henry Tawney was an English economic historian and one of the most influential social critics and reformers......
tax incidence, the distribution of a particular tax’s economic burden among the affected parties. It measures the......
tax law, body of rules under which a public authority has a claim on taxpayers, requiring them to transfer to the......
taxation, imposition of compulsory levies on individuals or entities by governments. Taxes are levied in almost......
Teamsters Union, the largest private-sector labour union in the United States, representing truck drivers and workers......
technical assistance, form of aid given to less-developed countries by international organizations such as the......
In financial markets, a technical breakout takes place when the price of an asset—a stock, commodity, or cryptocurrency,......
Tennessee Valley Authority (TVA), U.S. government agency established in 1933 to control floods, improve navigation,......
tenure, length and conditions of office in civil, judicial, academic, and similar services. Security of tenure,......
terms of trade, relationship between the prices at which a country sells its exports and the prices paid for its......
Johannes Nikolaus Tetens was a German psychologist, mathematician, economist, educator, and empiricist philosopher......
Sir Vincent Tewson was an English trade union leader and general secretary of the Trades Union Congress (TUC) from......
Richard Thaler is an American economist who was awarded the 2017 Nobel Prize for Economics for his contributions......
Thakin Than Tun was a Burmese politician, leader of the Communist Party of Burma from 1945 until his death. Than......
thane, in English history before the Norman Conquest (1066), a free retainer or lord, corresponding in its various......
Margaret Thatcher was a British Conservative Party politician and prime minister (1979–90), Europe’s first woman......
The Protestant Ethic and the Spirit of Capitalism, (1904–05), thesis by Max Weber that asserts a connection between......
The Rise of Andrew Jackson, This detailed original account of the life of Andrew Jackson written for Encyclopædia......
Third World, former political designation originally used (1952) to describe those states not part of the first......
Third World debt, debt accumulated by Third World (developing) countries. The term is typically used to refer specifically......
If you’ve ever taken an economics or ecology class, you’ll surely remember the name of Thomas Malthus, the English......
Thomas Sowell is an American economist and social commentator and also one of the leading intellectual figures......
Albert Thomas was a French statesman, political leader, and historian, who was the first director of the League......
J.H. Thomas was a British trade-union leader and politician, a shrewd and successful industrial negotiator who......
Norman Thomas was an American socialist, social reformer, and frequent candidate for political office. Following......
Henry Thornton was an English economist, banker, and philanthropist who made significant contributions to monetary......
Marcus Møller Thrane was a teacher, journalist, and socialist leader who was the initiator of the Thrane movement......
Three Principles of the People, the ideological basis of the political program of the Chinese Nationalist leader......
Ernst Thälmann was a German Communist leader and twice presidential candidate during the Weimar Republic (1919–33),......
Johann Heinrich von Thünen was a German agriculturalist best known for his work on the relationship between the......
ticker, high-speed means of reporting information on securities transactions. It provides the stock symbol, number......
Benjamin Tillett was an English trade union leader who directed successful dock strikes in 1889 and 1911. Tillett......
Jan Tinbergen was a Dutch economist noted for his development of econometric models. He was the cowinner (with......
Herbert Lars Gustaf Tingsten was a Swedish political scientist and journalist known for his criticisms of socialism......
Jean Tirole is a French economist who was awarded the 2014 Nobel Prize for Economics in recognition of his innovative......
Josip Broz Tito was a Yugoslav revolutionary and statesman. He was secretary-general (later president) of the Communist......
Tobin tax, proposed tax on short-term currency transactions. A Tobin tax is designed to deter only speculative......
James Tobin was an American economist whose contributions to the theoretical formulation of investment behaviour......
Palmiro Togliatti was a politician who led the Italian Communist Party for nearly 40 years and made it the largest......
toll, sum levied on users of certain roads, highways, canals, bridges, tunnels, ferries, and other such conveniences,......
Tolpuddle Martyrs, six English farm labourers who were sentenced (March 1834) to seven years’ transportation to......
Ton Duc Thang was a Communist leader who succeeded Ho Chi Minh as president of the Democratic Republic of Vietnam......
tonnage and poundage, customs duties granted since medieval times to the English crown by Parliament. Tonnage was......
Thomas Tooke was a British financier and economist who championed free trade. Tooke was in business throughout......
Robert Torrens was a British economist, soldier, politician, and promoter of schemes for the colonization of Australia.......
total cost, in economics, the sum of all costs incurred by a firm in producing a certain level of output. It is......
Total Quality Management (TQM), Management practices designed to improve the performance of organizational processes......
Sékou Touré was the first president of the Republic of Guinea (1958–84) and a leading African politician. Although......
Arnold Toynbee was an English economist and social reformer noted for his public service activities on behalf of......
tozama daimyo, (Japanese: “outside daimyo”), nonhereditary feudal lord or daimyo in Japan during the Tokugawa period......
trade agreement, any contractual arrangement between states concerning their trade relationships. Trade agreements......
trade association, voluntary association of business firms organized on a geographic or industrial basis to promote......
trade credit, deferment of payment for goods or services purchased by one company from another, granted by the......
trade show, temporary market organized to promote trade, where buyers and sellers gather to transact business and......
trade union, association of workers in a particular trade, industry, or company created for the purpose of securing......
Board of Trade, Organized market for the exchange of commodity contracts (see commodity exchange). The Toronto......