Economics
- Laissez-faire, an economic environment in which the government limits itself to enforcing private property rights and transactions between private parties are free from tariffs, government subsidies, and enforced monopolies
- Neoliberalism, a contemporary free-market political-economic philosophy
- Ordoliberalism, a German variant of neoliberalism that emphasises the need for the state to ensure that the free market produces results close to its theoretical potential
Read more about this topic: Liberal
Famous quotes containing the word economics:
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“The animals that depend on instinct have an inherent knowledge of the laws of economics and of how to apply them; Man, with his powers of reason, has reduced economics to the level of a farce which is at once funnier and more tragic than Tobacco Road.”
—James Thurber (1894–1961)
“The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.”
—George Steiner (b. 1929)