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The Overton window is an approach to identifying the ideas that define the spectrum of acceptability of governmental policies. It says politicians can act only within the acceptable range. Shifting the Overton window involves proponents of policies outside the window persuading the public to expand the window. Proponents of current policies, or ...
Turkey illusion is a cognitive bias describing the surprise resulting from a break in a trend, if one does not know the causes or the framework conditions for this trend. [1] The concept was first introduced by Bertrand Russell [2] to illustrate a problem with inductive reasoning . Relevant disciplines for uncovering such biases include ...
Preference falsification is the act of misrepresenting a preference under perceived public pressures. It involves the selection of a publicly expressed preference that differs from the underlying privately held preference (or simply, a public preference at odds with one’s private preference). People frequently convey to each other preferences ...
The exchange rate disconnect puzzle: The exchange rate disconnect puzzle, also one of the so-called real exchange rate puzzles, concerns the weak short-term feedback link between exchange rates and the rest of the economy. In most economies, the exchange rate is the most important relative price, so it is surprising, and thus far unexplained ...
The problems of economic growth have been discussed by numerous growth models, including the Harrod-Domar model, the neoclassical growth models of Solow and Swan, and the Cambridge growth models of Kaldor and Joan Robinson. This part of the economic problem is studied in the economies of development. See also. Full employment; Post-scarcity
Lists. Business portal. Money portal. v. t. e. The tragedy of the commons is a metaphoric label for a concept that is widely discussed, and criticised, in economics, ecology and other sciences. According to the concept, should many people enjoy unfettered access to a finite, valuable resource such as a pasture, they will tend to overuse it and ...
It is a type of optimal decision problem. It consists of choosing how much of each available good or service to consume, taking into account a constraint on total spending (income), the prices of the goods and their preferences . Utility maximization is an important concept in consumer theory as it shows how consumers decide to allocate their ...
Beck's thriller The Overton Window topped the charts. Earlier this month, Glenn Beck did what precious few authors have tried and failed to do over the past four weeks: unseat Stieg Larsson from ...