FREDERIC BASTIAT
Bastiat was a philosopher and economist who became famous for his ideas about the role of the state in economic development. He was known for pointing out flaws in protectionism, as well as other political and economic principles through satire. He wrote "Economic Sophisms" while living in England during the Industrial Revolution, and "The Law", a work outlining how a free society can develop through a just legal system Bastiat died in 1850.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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