Baumol effect (en)

(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

Heckscher–Ohlin model (en)

a general equilibrium mathematical model of international trade, developed by Eli Heckscher and Bertil Ohlin at the Stockholm School of Economics; countries will export products that use their abundant and cheap factor(s) of production and import products that use the countries' scarce factor(s)

imputed rent (en)

an estimate in economic theory of the rent a house owner would be willing to pay to live in his or her own house

Laffer curve (en)

a theory developed by supply-side economist Arthur Laffer to show the relationship between tax rates and the amount of tax revenue collected by governments (a typically conservative theory that believes that too much taxation will depress business investment)

parlous (en)

(adjective) full of danger or uncertainty; precarious

primogeniture (en)

(noun) the state of being the firstborn of the children of the same parents / (noun) an exclusive right of inheritance belonging to the eldest son