Search results
Results from the WOW.Com Content Network
False attribution may refer to: Misattribution in general, when a quotation or work is accidentally, traditionally, or based on bad information attributed to the wrong person or group A specific fallacy where an advocate appeals to an irrelevant, unqualified, unidentified, biased, or fabricated source in support of an argument.
Non-financial assets, such as land and buildings, may also be included. For example, dictionary definitions of money include "wealth reckoned in terms of money" and "persons or interests possessing or controlling great wealth", [8] neither of which correspond to the economic definition.
Definitional retreat – changing the meaning of a word when an objection is raised. [23] Often paired with moving the goalposts (see below), as when an argument is challenged using a common definition of a term in the argument, and the arguer presents a different definition of the term and thereby demands different evidence to debunk the argument.
In economics, a false economy or hallucinated economy is an action that does save money at the beginning but which, over a longer period of time, results in more money being spent or wasted than being saved. For example, it may be false economy if a city government decided to purchase the cheapest automobiles for use by city workers to save ...
Several theories predict the fundamental attribution error, and thus both compete to explain it, and can be falsified if it does not occur. Some examples include: Just-world fallacy. The belief that people get what they deserve and deserve what they get, the concept of which was first theorized by Melvin J. Lerner in 1977. [11]
Economic power, by contrast, is characterized primarily by the absence of physical force; buyers and sellers exchange goods and services voluntarily or not at all. Lumping together economic and political power under the broader concept “power” while ignoring the crucial differences between them constitutes a package deal.
Examples of such price stickiness in particular markets include wage rates in labour markets and posted prices in markets deviating from perfect competition. Some specialised fields of economics deal in market failure more than others. The economics of the public sector is one example. Much environmental economics concerns externalities or ...
For Polanyi, the effort by classical and neoclassical economics to make society subject to the free market was a utopian project and, as Polanyi scholars Fred Block and Margaret Somers claim, "When these public goods and social necessities (what Polanyi calls "fictitious commodities") are treated as if they are commodities produced for sale on the market, rather than protected rights, our ...