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As an economic doctrine, dirigisme is the opposite of laissez-faire, stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning , state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities ...
The divine economy, in Eastern Orthodoxy, not only refers to God's actions to bring about the world's salvation and redemption, but to all of God's dealings with, and interactions with, the world, including the Creation.
Divine intervention is an event that occurs when a deity (i.e. God or gods) becomes actively involved in changing some situation in human affairs. In contrast to other kinds of divine action, the expression "divine intervention" implies that there is some kind of identifiable situation or state of affairs that a god chooses to get involved with, to intervene in, in order to change, end, or ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The term "Economy of Salvation" is first used by Origen of Alexandria, although references to the "Divine Economy", the "Economy of God" or simply the "Economy" are in earlier Church fathers. [9] Giorgio Agamben's The Kingdom and the Glory: For a Theological Genealogy of Economy and Government (2007; Eng. translation, 2011, p.
Miracle: According to many religions, a miracle, derived from the Latin word miraculum meaning 'something wonderful', is a striking interposition of divine intervention by God in the universe by which the operations of the ordinary course of Nature are overruled, suspended, or modified.
Economic liberalism is a much broader concept than fiscal liberalism, which is called fiscal conservatism or economic libertarianism in the United States. [12] The ideology that highlighted the financial aspect of economic liberalism is called fiscal liberalism, which is defined as support for free trade .
Keynesian economics advocates the use of automatic and discretionary countercyclical policies to lessen the impact of the business cycle. One example of an automatically countercyclical fiscal policy is progressive taxation. By taxing a larger proportion of income when the economy expands, a progressive tax tends to decrease demand when the ...