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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 ...
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 ...
The term itself was coined in response to this tendency. This theological view suggests that God fills in the gaps left by scientific knowledge, and that these gaps represent moments of divine intervention or influence. This concept has been met with criticism and debate from various quarters.
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 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.
Consequently, divine coincidence disappears, the output gap does not equal the welfare-relevant output gap any longer, and central banks are left with their trade-off between inflation and output stabilization. Recently, it was shown that the divine coincidence does not necessarily hold in the non-linear form of the standard New-Keynesian model ...
Social Darwinism is a body of pseudoscientific theories and societal practices that purport to apply biological concepts of natural selection and survival of the fittest to sociology, economics and politics.
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.