A comprehensive exploration of Active Labour Market Policies (ALMPs) including historical context, types, key events, detailed explanations, models, examples, and importance.
Administered price refers to a price set by an administrative process, often involving government or regulatory body intervention, rather than by market forces. This mechanism is used in various sectors including housing, agriculture, and labor.
An in-depth examination of bailouts, their historical context, importance, applicability, and examples.
Dirigisme refers to the willingness of the state to intervene in the economy, either systematically or in an ad hoc manner. Contrasted with laissez-faire economics, dirigisme represents a more hands-on approach by the state.
Discretionary stabilizers involve active steps by policymakers, such as new legislation or changes in government spending and taxation, to manage economic fluctuations.
An in-depth exploration of Economic Policy, including its objectives, tools, types, examples, and historical context.
An in-depth exploration of the tools and strategies employed to manage economic cycles and stabilize public finances, including historical context, key events, models, examples, and related terms.
An in-depth exploration of the Free Rider problem, its implications, and potential solutions.
An in-depth exploration of Free-market Economies where prices for goods and services are determined by open market and consumers, with minimal government intervention.
Government failure occurs when government intervention aimed at correcting market failures leads to less efficient or detrimental outcomes. This comprehensive guide explores its historical context, types, key events, and implications.
An in-depth examination of industrial policies, their historical context, types, key events, importance, and applications. Includes diagrams, examples, related terms, and much more.
An in-depth look at the concept of an Intervenor in the context of Qui Tam litigation, its historical context, importance, applicability, and related legal frameworks.
Explore the significant contributions of John Maynard Keynes to modern macroeconomics, including his revolutionary ideas on government intervention and economic stabilization.
Deep dive into Macroeconomic Policy, including its Definition, Types, Examples, Historical Context, and Related Terms.
An in-depth look into managed currencies, where governments and central banks intervene in foreign exchange markets to influence the value of their national currency.
An in-depth look at the forces of supply and demand that determine equilibrium quantities and prices in markets, contrasted with the influences of government and monetary authorities.
Merit goods are goods or services that provide benefits to society greater than those reflected in consumers' preferences. This entry explores the concept, historical context, types, key events, mathematical models, applicability, examples, and more.
A Minimal State is a government whose intervention in the economy is limited to just sufficient activities to sustain organized economic activity. This includes providing policing, a judiciary, and national defense.
Comprehensive coverage on the concept of nationalization, its historical context, types, key events, detailed explanations, importance, applicability, examples, and more.
A comprehensive exploration of Natural Monopolies, including their definition, historical context, economic theories, models, key examples, and implications in modern markets.
Non-Excludable goods are those for which it is not possible to exclude non-payers from consumption, crucial in economics and public policy.
An in-depth exploration of 'Picking Winners,' the governmental strategy of selecting specific projects for financial and technical support to promote economic development.
Price ceilings are regulatory measures that set a maximum allowable price for a good or service, aimed at preventing prices from rising above a certain level. This entry covers historical context, types, key events, explanations, examples, considerations, related terms, comparisons, interesting facts, and more.
An in-depth examination of price floors, their purpose in economic policy, applications, examples, and impacts on the market.
An in-depth exploration of price floors, minimum price levels imposed by the government above the market equilibrium, their effects, applications, and implications in various economic sectors.
An in-depth exploration of government policies designed to maintain commodity prices above a minimum level, mainly benefiting agricultural producers.
Detailed exploration of government attempts to control prices and incomes directly through policies, their historical context, types, key events, implications, examples, and related terms.
A comprehensive overview of Public Corporations in the UK, their historical context, operational dynamics, and government involvement.
An in-depth exploration of Regional Policy aimed at addressing income and employment disparities between different geographical regions, particularly focusing on strategies to uplift economically depressed areas.
Understanding the economic concept of spillover, including pecuniary and non-pecuniary spillovers, their impacts on markets and government intervention.
A comprehensive overview of systemic threats, particularly in financial systems, explaining their implications, historical context, and significance.
A comprehensive analysis of wage freezes, their historical context, types, key events, effects, considerations, and related terminology.
A comprehensive understanding of Activist Policy, a government economic policy utilizing monetary and/or fiscal activities based on economic conditions.
A controlled economy, also known as a planned economy, is an economic system in which government policy dictates much of the economic activity, rather than the free market mechanism. Examples include socialist and communist economies.
A comprehensive overview of the Dirty Float exchange rate system, where exchange rates are mainly determined by market supply and demand, but governments occasionally intervene to influence the market.
Economic freedom refers to the absence of excessive regulation and external control in economic affairs, promoting efficient resource allocation in a capitalist system.
Understanding farm surplus, its implications, and political considerations surrounding government intervention to maintain profitable price levels for farmers.
Explore the concept of Free Trade, its implications, historical context, and frequently asked questions.
A comprehensive guide to the concept of a 'Level Playing Field' in government policy, focusing on reducing disparities between different industries and international competitors.
An economy where significant government intervention directs economic activity, differing greatly between socialist, communist, and capitalist systems.
A mixed economic system blends free-market principles with government intervention to allocate resources and regulate prices, as seen in the U.S. economy.
A comprehensive overview of Negotiated Market Price, highlighting its significance in circumstances influenced by wartime restrictions, unexpected shortages, or natural monopoly situations.
A comprehensive exploration of the economic policies championed by President Barack Obama aimed at economic recovery and reform, emphasizing increased government involvement in various sectors.
A comprehensive explanation of price support mechanisms, their types, historical context, examples, and implications on the economy and society.
An in-depth look at bailouts, including their definition, mechanisms, historical examples, and implications for economies and businesses.
Learn what a bank run is, see historical examples, understand how it works, and discover how governments try to prevent them.
Explore what economic stimulus is, how it works, its benefits, and the associated risks. Understand the various mechanisms governments use to stimulate growth during economic downturns.
Explore the principles behind a Laissez-Faire economy, its historical context, and its impacts on business and society. Understand how this economic theory, which advocates minimal government intervention, functions in practice.
An in-depth exploration of Long-Term Capital Management (LTCM), its strategies, dramatic failure in 1998, and the subsequent U.S. government intervention to prevent a financial collapse.
