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This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

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an economic law stating that supply creates its own demand (named after eighteenth-century French economist Jean-Baptiste Say)

6

Economists [...] point to 'Say's Law', [...] which is often summarized in the phrase 'supply creates its own demand'

—p.6 Introduction (1) by Ryan Avent
notable
6 years, 3 months ago

Economists [...] point to 'Say's Law', [...] which is often summarized in the phrase 'supply creates its own demand'

—p.6 Introduction (1) by Ryan Avent
notable
6 years, 3 months ago

(aka Baumol's cost disease) rise of salaries in jobs that have experienced no increase of labor productivity, in response to rising salaries in other jobs that have experienced the labor productivity growth

69

Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time

—p.69 In Search of a Better Sponge (64) by Ryan Avent
notable
6 years, 3 months ago

Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time

—p.69 In Search of a Better Sponge (64) by Ryan Avent
notable
6 years, 3 months ago

assistance and support in times of hardship and distress

96

The less succour they receive from existing political institutions, the more open individual workers are likely to be to radical political institutions that offer the possibility of political expression and economic power

which is a good thing imo

—p.96 The Virtues of Scarcity (81) by Ryan Avent
notable
6 years, 3 months ago

The less succour they receive from existing political institutions, the more open individual workers are likely to be to radical political institutions that offer the possibility of political expression and economic power

which is a good thing imo

—p.96 The Virtues of Scarcity (81) by Ryan Avent
notable
6 years, 3 months ago

where the capital per worker is increasing in the economy (differs from capital widening, as the latter sees capital increase while the labour force also increases so capital per worker is constant)

138

when an economy like China grows from extreme poverty to something like middle-income status is 'capital deepening', or the application of more capital per worker

—p.138 Social Capital in the Twenty-First Century (118) by Ryan Avent
notable
6 years, 3 months ago

when an economy like China grows from extreme poverty to something like middle-income status is 'capital deepening', or the application of more capital per worker

—p.138 Social Capital in the Twenty-First Century (118) by Ryan Avent
notable
6 years, 3 months ago

a condition of negligible or no economic growth in a market-based economy ("secular" as in "long-term", in contrast to "cyclical" or "short-term")

180

This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

—p.180 The Source of Secular Stagnation (179) by Ryan Avent
notable
6 years, 3 months ago

This condition, which economists label 'secular stagnation', is associated with limp and vulnerable economic expansions, which often conclude in the deflation of big asset-price bubbles

—p.180 The Source of Secular Stagnation (179) by Ryan Avent
notable
6 years, 3 months ago