Adverse Selection
91New Keynesian economics — Not to be confused with Neo Keynesian economics. Economics …
92Creative destruction — Crowd at New York s American Union Bank during a bank run early in the Great Depression. Marx argued that the devaluation of wealth during capitalism s periodic economic crises was an inevitable outcome of the processes of wealth creation.… …
93Moral hazard — In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not take the… …
94Tawny Owl — ] Adaptations to night vision include the large size of the eye, its tubular shape, large numbers of closely packed retinal rods, and an absence of cone cells, since colour vision is unnecessary at night. There are few coloured oil drops, which… …
95The Market for Lemons — The Market for Lemons: Quality Uncertainty and the Market Mechanism is a 1970 paper by the economist George Akerlof. It discusses information asymmetry, which occurs when the seller knows more about a product than the buyer. A lemon is an… …
96Corporate governance — Not to be confused with corporate statism, a corporate approach to government rather than the government of a corporation Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a… …
97Economic materialism — This article addresses materialism in the economic sense of the word. For information on the philosophical and scientific meanings, see materialism. Materialism (adj. materialistic) is a mindset that views the consumption and acquisition of… …
98Trickle-down economics — and trickle down theory, is the economic political argument that the increases in the earnings of the rich are good for the poor because some of those additional earnings will benefit the middle class and the poor through increased spending,… …
99Savings and loan crisis — The savings and loan crisis of the 1980s and 1990s (commonly referred to as the S L crisis) was the failure of 747 savings and loan associations (S Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around… …
100Predatory lending — describes unfair, deceptive, or fraudulent practices of some lenders during the loan origination process. While there are no legal definitions in the United States for predatory lending, an audit report on predatory lending from the office of… …
