65 relations: Capital (economics), Distribution of wealth, Distributive justice, Economic inequality, Economic Justice, Economic Report of the President, Economics, Economics (textbook), Edmund Phelps, Factors of production, Frank Hahn, Gary Becker, Generational accounting, George Stigler, Gini coefficient, Goods, Growth accounting, Household income in the United States, Human capital, Income, Income distribution, Income inequality metrics, International Encyclopedia of the Social & Behavioral Sciences, John Bates Clark, John Hicks, John Roemer, Labour economics, Land (economics), Lorenz curve, Macroeconomics, Median income, Meghnad Desai, Baron Desai, Milton Friedman, Murray Rothbard, National Bureau of Economic Research, National Income and Product Accounts, Neoclassical economics, Normative economics, Outline of industrial organization, Output (economics), Pareto distribution, Paul Samuelson, Personal income in the United States, Philip Wicksteed, Physical capital, Power law, Production (economics), Production function, Production–possibility frontier, Ramsey–Cass–Koopmans model, ..., Simon Kuznets, Social capital, Social choice theory, Social welfare function, Stephen Machin, Steven Durlauf, Supply and demand, The New Palgrave Dictionary of Economics, The Theory of Wages, Tony Atkinson, Value product, Vilfredo Pareto, Wealth, Welfare economics, William Nordhaus. Expand index (15 more) » « Shrink index
In economics, capital consists of an asset that can enhance one's power to perform economically useful work.
--> The distribution of wealth is a comparison of the wealth of various members or groups in a society.
Distributive justice concerns the nature of a social justice allocation of goods.
Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries.
Justice in economics is a subcategory of welfare economics with models frequently representing the ethical-social requirements of a given theory, whether "in the large", as of a just social order, or "in the small", as in the equity of "how institutions distribute specific benefits and burdens".
The Economic Report of the President is a document published by the President of the United States' Council of Economic Advisers (CEA).
Economics is the social science that studies the production, distribution, and consumption of goods and services.
Economics is an introductory textbook by American economists Paul Samuelson and William Nordhaus.
Edmund Strother Phelps, (born July 26, 1933) is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences.
In economics, factors of production, resources, or inputs are which is used in the production process to produce output—that is, finished goods and services.
Frank Horace Hahn FBA (26 April 1925 – 29 January 2013) was a British economist whose work focused on general equilibrium theory, monetary theory, Keynesian economics and monetarism.
Gary Stanley Becker (December 2, 1930 – May 3, 2014) was an American economist and empiricist.
Generational accounting is a method of measuring the fiscal burdens facing today's and tomorrow's children.
George Joseph Stigler (January 17, 1911 – December 1, 1991) was an American economist, the 1982 laureate in Nobel Memorial Prize in Economic Sciences and a key leader of the Chicago School of Economics.
In economics, the Gini coefficient (sometimes expressed as a Gini ratio or a normalized Gini index) is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measurement of inequality.
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
Growth accounting is a procedure used in economics to measure the contribution of different factors to economic growth and to indirectly compute the rate of technological progress, measured as a residual, in an economy.
Household income is an economic measure that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country.
Human capital is a term popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, and Jacob Mincer.
Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.
In economics, income distribution is how a nation’s total GDP is distributed amongst its population.
Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and economic inequality among the participants in a particular economy, such as that of a specific country or of the world in general.
The International Encyclopedia of the Social & Behavioral Sciences, originally edited by Neil J. Smelser and Paul B. Baltes, is a 26-volume work published by Elsevier.
John Bates Clark (January 26, 1847 – March 21, 1938) was an American neoclassical economist.
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist.
John E. Roemer (born February 1, 1945 in Washington D.C.) is an American economist and political scientist.
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
In economics, land comprises all naturally occurring resources as well as geographic land.
In economics, the Lorenz curve is a graphical representation of the distribution of income or of wealth.
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount.
Meghnad Jagdishchandra Desai, Baron Desai (born 10 July 1940) is a United Kingdom economist and Labour politician.
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.
Murray Newton Rothbard (March 2, 1926 – January 7, 1995) was an American heterodox economist of the Austrian School, a historian and a political theorist whose writings and personal influence played a seminal role in the development of modern right-libertarianism.
The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community." The NBER is well known for providing start and end dates for recessions in the United States.
The national income and product accounts (NIPA) are part of the national accounts of the United States.
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
Normative economics (as opposed to positive economics) is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
The following outline is provided as an overview of and topical guide to industrial organization: Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions.
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country", whether consumed or used for further production.
Paul Anthony Samuelson (15 May 1915 – 13 December 2009) was an American economist and the first American to win the Nobel Memorial Prize in Economic Sciences.
Personal income is an individual's total earnings from wages, investment interest, and other sources.
Philip Henry Wicksteed (25 October 1844 – 18 March 1927) is known primarily as an economist.
In economics, physical capital or just capital is a factor of production (or input into the process of production), consisting of machinery, buildings, computers, and the like.
In statistics, a power law is a functional relationship between two quantities, where a relative change in one quantity results in a proportional relative change in the other quantity, independent of the initial size of those quantities: one quantity varies as a power of another.
Production is a process of combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).
In economics, a production function relates quantities of physical output of a production process to quantities of physical inputs or production function refers as the expression of the technological relation between physical inputs and outputs of the goods.
A production–possibility frontier (PPF) or production possibility curve (PPC) is the possible tradeoff of producing combinations of goods with constant technology and resources per unit time.
The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans.
Simon Smith Kuznets (p; April 30, 1901 – July 8, 1985) was a Russo-American economist and statistician who received the 1971 Nobel Memorial Prize in Economic Sciences "for his empirically founded interpretation of economic growth which has led to new and deepened insight into the economic and social structure and process of development." Kuznets made a decisive contribution to the transformation of economics into an empirical science and to the formation of quantitative economic history.
Social capital is a form of economic and cultural capital in which social networks are central; transactions are marked by reciprocity, trust, and cooperation; and market agents produce goods and services not mainly for themselves, but for a common good.
Social choice theory or social choice is a theoretical framework for analysis of combining individual opinions, preferences, interests, or welfares to reach a collective decision or social welfare in some sense.
In welfare economics, a social welfare function is a function that ranks social states (alternative complete descriptions of the society) as less desirable, more desirable, or indifferent for every possible pair of social states.
Stephen Jonathan Machin (born 23 December 1962) is a British economist and professor of economics at the London School of Economics (LSE).
Steven Neil Durlauf (born August 12, 1958) is an American social scientist and economist.
In microeconomics, supply and demand is an economic model of price determination in a market.
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan.
The Theory of Wages is a book by the British economist John R. Hicks published in 1932 (2nd ed., 1963).
Sir Anthony Barnes "Tony" Atkinson (4 September 1944 – 1 January 2017) was a British economist, senior research fellow of Nuffield College, Oxford, and Centennial Professor at the London School of Economics.
The value product (VP) is an economic concept formulated by Karl Marx in his critique of political economy during the 1860s, and used in Marxian social accounting theory for capitalist economies.
Vilfredo Federico Damaso Pareto (born Wilfried Fritz Pareto, 15 July 1848 – 19 August 1923) was an Italian engineer, sociologist, economist, political scientist, and philosopher, now also known for the 80/20 rule, named after him as the Pareto principle.
Wealth is the abundance of valuable resources or valuable material possessions.
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level.
William Dawbney "Bill" Nordhaus (born May 31, 1941) is an economist and Sterling Professor of Economics at Yale University, best known for his work in economic modeling and climate change.