Economics

Economics

basics of economics

Contributors in Economics

Economics

A country or designated zone that has low or no taxes, or highly secretive banks, and often a warm climate and sandy beaches, which make it attractive to foreigners bent on tax avoidance or even tax ...

Tax incidence

Economy; Economics

Where a tax really bites. Who ultimately pays a tax is often different from who the taxman collects the tax from, because the cost of the tax can be passed on. For example, by demanding higher wages ...

Taxation

Economy; Economics

Prostitution may be the oldest profession, but tax collection was surely not far behind. In its early days, taxation did not always involve handing over money. The ancient Chinese paid with pressed ...

Technical progress

Economy; Economics

A crucial ingredient of economic growth. Economists often used to take a certain rate of technological progress for granted, but in new endogenous growth theory they make more effort to measure ...

Terms of trade

Economy; Economics

The weighted average of a country's export prices relative to its import prices.

Third way

Economy; Economics

An economic philosophy espoused by some leftish political leaders in the late 20th century, including Bill Clinton and Tony Blair. According to the rhetoric, it is not capitalism and not socialism, ...