DICTIONARYArticles A-Z
Browse articles by alphabetical order
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A
1. Abbott, Edith (1876–1957)
Social reformer, economic historian and a pioneer in America of the study of the economic position of women, Edith Abbott was born on 26 September 1876 ...
2. Abramovitz, Moses (1912–2000)
Born in Brooklyn, New York, Abramovitz was educated at Harvard (AB, 1932) and Columbia (Ph.D., 1939). He held faculty appointments at Columbia (1940–2, ...
3. absolute and exchangeable value
The notion of absolute (as distinct from exchangeable or relative) value arises in classical economics from the image of a given magnitude of output being ...
4. absorption approach to the balance of payments
The absorption approach to the balance of payments states that a country's balance of trade will only improve if the country's output of goods and services ...
5. acceleration principle
The acceleration principle holds that the demand for capital goods is a derived demand and that changes in the demand for output lead to changes in the ...
6. access to land and development
Access to land can be an effective policy instrument for poverty reduction. This article shows how different types of property rights can affect access ...
7. accounting and economics
Accounting provides an important source of economic measures, yet consistently falls short of the economist's conceptual ideal. This shortfall is fodder ...
8. adaptive estimation
Adaptive estimation arises in the context of partially specified models. Partially specified models occur with some frequency in econometrics. For example, ...
9. adaptive expectations
The adaptive expectations hypothesis may be stated most succinctly in the form of the equation:Etxt+1=∑i=0∞λ(1-λ)ixt-i;0<λ<1 where E denotes an ...
10. addiction
Research on addiction had already yielded a wide range of interesting and important findings when economists first arrived on the scene. The economic ...
