Economics

Economics

basics of economics

Contributors in Economics

Economics

The most widely accepted measure of risk in financial markets is the amount by which the price of a security swings up and down. The more volatile the price, the riskier is the security. Not least ...

Voluntary unemployment

Economy; Economics

Unemployment through opting not to work, even though there are jobs available. This is the joblessness that remains when there is otherwise full employment. It includes frictional unemployment as a ...

Wage drift

Economy; Economics

The difference between basic pay and total earnings. Wage drift consists of things such as overtime payments, bonuses, profit share and performance-related pay. It usually increases during periods of ...

Wages

Economy; Economics

The price of labor. In theory, wages ought to change so that the supply and demand in the labour market are always in equilibrium. In practice, wages are often sticky, especially in a downward ...

Wealth effect

Economy; Economics

As people get wealthier, they consume more. This wealth effect has important consequences for monetary policy. When there is an interest rate increase, future income from assets such as equities must ...

Wealth tax

Economy; Economics

In most countries, the majority of wealth is concentrated in a fairly small number of hands. This makes a wealth tax appealing to politicians, as it should allow substantial amounts of revenue to be ...

Weightless economy

Economy; Economics

At the start of the 21st century, the total output of the American economy weighed roughly the same as it did 100 years earlier. Yet the value of that output, in real terms, was 20 times greater. ...