Economics

Happiness Economics or the economics of happiness is the formal academic study of the relationship between individual satisfaction and economic issues such as employment and…

Primitive Socialist Accumulation, sometimes referred to as the socialist accumulation, was a concept developed by the Soviet economist Yevgeny Preobrazhensky to analyze the New Economic…

Capitalism is based on private ownership of enterprises such as factories, plantations, mines, offices or shops, and the operation of these assets for profit. Other…

Economic liberalism is based on the principles of personal liberty, private property, and limited government interference. It is a political and economic philosophy based on strong…

Constitutional Economics is a branch of economics focusing on the economic analysis of the constitutional law of a state. It is a research program in economics…

The word “culture” comes from the Latin cuitus, which means “care” and from the French colere which means “to fill” as in “till the ground.”…

Socialism is a populist economic and political system based on public ownership of the means of production. Market socialism is a type of economic system…

Economic liberty is the fundamental right of every human to control his or her own labor and property. It is the ability of people of…

Fiscal conservatism is the belief that the economy functions best with minimal governmental influence. It is a political and economic philosophy regarding fiscal policy and…

Marketization is the act or process of entering into, participating in, or introducing a free market economy. It is the process that enables the state-owned…

State Capitalism is an economic system in which the State controls or owns for-profit enterprises such as utilities (e.g., water and electricity) and transportation (e.g.,…

Economic Inequality is a concern in almost all countries around the world and often people are trapped in poverty with little chance to climb up…