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Paradox of plenty: Countries with an abundance of natural resources tend to have less economic growth and worse development outcomes than countries with fewer natural resources. The paradox of banknotes: Cash transactions have decreased since the 1940s but the demand of banknotes has increased significantly since the early 2000s.
The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
[88] (opposite of appeal to tradition) Appeal to poverty (argumentum ad Lazarum) – supporting a conclusion because the arguer is poor (or refuting because the arguer is wealthy). (Opposite of appeal to wealth.) [89] Appeal to tradition (argumentum ad antiquitatem) – a conclusion supported solely because it has long been held to be true. [90]
Nicholas Georgescu-Roegen (born Nicolae Georgescu, 4 February 1906 – 30 October 1994) was a Romanian mathematician, statistician and economist.He is best known today for his 1971 magnum opus The Entropy Law and the Economic Process, in which he argued that all natural resources are irreversibly degraded when put to use in economic activity.
Hyperbolic discounting leads to choices that are inconsistent over time—people make choices today that their future selves would prefer not to have made, despite using the same reasoning. [52] Also known as current moment bias or present bias, and related to Dynamic inconsistency. A good example of this is a study showed that when making food ...
Reductio ad absurdum, painting by John Pettie exhibited at the Royal Academy in 1884. In logic, reductio ad absurdum (Latin for "reduction to absurdity"), also known as argumentum ad absurdum (Latin for "argument to absurdity") or apagogical argument, is the form of argument that attempts to establish a claim by showing that the opposite scenario would lead to absurdity or contradiction.
The Polish logician Alfred Tarski identified three features of an adequate characterization of entailment: (1) The logical consequence relation relies on the logical form of the sentences: (2) The relation is a priori, i.e., it can be determined with or without regard to empirical evidence (sense experience); and (3) The logical consequence ...
Apples and oranges are both similar-sized seeded fruits that grow on trees, but that does not make the two interchangeable. A false equivalence or false equivalency is an informal fallacy in which an equivalence is drawn between two subjects based on flawed or false reasoning.