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  2. Ricardian economics - Wikipedia

    en.wikipedia.org/wiki/Ricardian_economics

    Ricardian economics are the economic theories of David Ricardo, an English political economist born in 1772 who made a fortune as a stockbroker and loan broker. [ 1 ] [ 2 ] At the age of 27, he read An Inquiry into the Nature and Causes of Wealth of Nations by Adam Smith and was energised by the theories of economics.

  3. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...

  4. Financial economics - Wikipedia

    en.wikipedia.org/wiki/Financial_economics

    Behavioral portfolio theory recognizes that investors have varied aims and create an investment portfolio that meets a broad range of goals. Copulas have lately been applied here ; recently this is the case also for genetic algorithms and Machine learning, more generally .

  5. Complementary good - Wikipedia

    en.wikipedia.org/wiki/Complementary_good

    In economics, a complementary good is a good whose appeal increases with the popularity of its complement. [ further explanation needed ] Technically, it displays a negative cross elasticity of demand and that demand for it increases when the price of another good decreases. [ 1 ]

  6. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Law and economics, or economic analysis of law, is an approach to legal theory that applies methods of economics to law. It includes the use of economic concepts to explain the effects of legal rules, to assess which legal rules are economically efficient , and to predict what the legal rules will be. [ 177 ]

  7. History of macroeconomic thought - Wikipedia

    en.wikipedia.org/wiki/History_of_macroeconomic...

    This marked the beginning of a boom in atheoretical, statistical models of economic fluctuation (models based on cycles and trends instead of economic theory) that led to the discovery of apparently regular economic patterns like the Kuznets wave. [10] Other economists focused more on theory in their business cycle analysis.

  8. Economic methodology - Wikipedia

    en.wikipedia.org/wiki/Economic_methodology

    Economic methodology has gone from periodic reflections of economists on method to a distinct research field in economics since the 1970s. In one direction, it has expanded to the boundaries of philosophy , including the relation of economics to the philosophy of science and the theory of knowledge . [ 18 ]

  9. Monetarism - Wikipedia

    en.wikipedia.org/wiki/Monetarism

    Monetarism is an economic theory that focuses on the macroeconomic effects of the supply of money and central banking. Formulated by Milton Friedman , it argues that excessive expansion of the money supply is inherently inflationary , and that monetary authorities should focus solely on maintaining price stability .