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26 relations: Agent (economics), Austrian School, Ayn Rand, Economics, Efficiency, Free market, Health insurance, Healthcare industry, Henry Hazlitt, Incentive, Michael Moore, Microeconomics, Milton Friedman, Mises Institute, Objectivism (Ayn Rand), Political economy, Profit (economics), Profit efficiency, Profit maximization, Rational choice theory, Self-interest, Sicko, The Phil Donahue Show, The Virtue of Selfishness, Thomas Sowell, Utility.
Agent (economics)
In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy.
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Austrian School
The Austrian School is a school of economic thought that is based on methodological individualism—the concept that social phenomena result from the motivations and actions of individuals.
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Ayn Rand
Ayn Rand (born Alisa Zinovyevna Rosenbaum; – March 6, 1982) was a Russian-American writer and philosopher.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Efficiency
Efficiency is the (often measurable) ability to avoid wasting materials, energy, efforts, money, and time in doing something or in producing a desired result.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Health insurance
Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons.
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Healthcare industry
The healthcare industry (also called the medical industry or health economy) is the range of companies and non-profit organizations that provide medical services, manufacture medical equipment, and develop pharmaceuticals.
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Henry Hazlitt
Henry Stuart Hazlitt (November 28, 1894July 9, 1993) was an American journalist who wrote about business and economics for such publications as The Wall Street Journal, The Nation, The American Mercury, Newsweek, and The New York Times.
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Incentive
An incentive is something that motivates an individual to perform an action.
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Michael Moore
Michael Francis Moore (born April 23, 1954) is an American documentary filmmaker, activist, and author.
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Microeconomics
Microeconomics (from Greek prefix mikro- meaning "small") is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
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Milton Friedman
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
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Mises Institute
The Mises Institute, short name for Ludwig von Mises Institute for Austrian Economics, is a tax-exempt educative organization located in Auburn, Alabama, United States.
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Objectivism (Ayn Rand)
Objectivism is a philosophical system developed by Russian-American writer Ayn Rand (1905–1982).
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Political economy
Political economy is the study of production and trade and their relations with law, custom and government; and with the distribution of national income and wealth.
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Profit (economics)
In economics, profit in the accounting sense of the excess of revenue over cost is the sum of two components: normal profit and economic profit.
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Profit efficiency
Profit efficiency is a macro-economic concept used in assessing whether an economy, industry or supply chain is expending an optimally balanced level of rent for the use of capital.
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Profit maximization
In economics, profit maximization is the short run or long run process by which a firm may determine the price, input, and output levels that lead to the greatest profit.
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Rational choice theory
Rational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic behavior.
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Self-interest
Self-interest generally refers to a focus on the needs or desires (interests) of the self.
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Sicko
Sicko is a 2007 American documentary film made by filmmaker Michael Moore.
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The Phil Donahue Show
The Phil Donahue Show, also known as Donahue, is an American television talk show hosted by Phil Donahue that ran for 26 years on national television.
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The Virtue of Selfishness
The Virtue of Selfishness: A New Concept of Egoism is a 1964 collection of essays by Ayn Rand and Nathaniel Branden.
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Thomas Sowell
Thomas Sowell (born June 30, 1930) is an American economist and social theorist who is currently Senior Fellow at the Hoover Institution, Stanford University.
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Utility
Within economics the concept of utility is used to model worth or value, but its usage has evolved significantly over time.
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References
[1] https://en.wikipedia.org/wiki/Profit_motive
