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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 ...
Political economy and law is a recent attempt within legal scholarship to engage explicitly with political economy literature. In the 1920s and 1930s, legal realists (e.g. Robert Hale) and intellectuals (e.g. John Commons) engaged themes related to political economy. In the second half of the 20th century, lawyers associated with the Chicago ...
Also called the Blue Dog Democrats or simply the Blue Dogs. A caucus in the United States House of Representatives comprising members of the Democratic Party who identify as centrists or conservatives and profess an independence from the leadership of both major parties. The caucus is the modern development of a more informal grouping of relatively conservative Democrats in U.S. Congress ...
Founding fathers. While the term "founding fathers" may seem to predate American politics, it was only invoked for the first time in 1916 by then-Sen. Warren G. Harding during the Republican ...
Left–right political spectrum; Left-wing politics; Left-wing populism; Legal constitution; Legislative session; LGBTQ wing; Linguistic prescription; List of political metaphors; List of politically motivated renamings; Lobbying; Locust (ethnic slur) Logrolling; Lookism; Loss of supply; Low information voter; Lulism; Lustration; Lysenkoism
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
The English word politics has its roots in the name of Aristotle's classic work, Politiká, which introduced the Ancient Greek term politiká (Πολιτικά, 'affairs of the cities'). In the mid-15th century, Aristotle's composition was rendered in Early Modern English as Polettiques , [a] [9] which became Politics in Modern English.
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