short-run adjustment
51Lesotho — /leuh sooh tooh, soh toh/, n. a monarchy in S Africa: formerly a British protectorate; gained independence 1966; member of the Commonwealth of Nations. 2,007,814; 11,716 sq. mi. (30,344 sq. km). Cap.: Maseru. Formerly, Basutoland. * * * Lesotho… …
52World-systems theory — The world systems theory (also known as the world systems analysis[1]) is a multidisciplinary, macro scale approach to world history and social change.[1][2] The world systems theory stresses that world systems (and not nation states) should be… …
53James Hansen — This is about the American scientist/administrator. For others, see James Hansen (disambiguation). Infobox Person name = James Hansen image size = caption = birth name = birth date = March 29, 1941 birth place = Denison, Iowa death date = death… …
54Granger, Clive W.J. — ▪ Welsh economist born September 4, 1934, Swansea, Wales Welsh economist, corecipient of the Nobel Prize for Economics in 2003 for his development of techniques for analyzing time series data with common trends. He shared the award with… …
55Human migration — Net migration rates for 2008: positive (blue), negative (orange), stable (green), and no data (gray) …
56Classical dichotomy — In macroeconomics, the classical dichotomy refers to an idea attributed to classical and pre Keynesian economics that real and nominal variables can be analyzed separately. To be precise, an economy exhibits the classical dichotomy if real… …
57Say's law — In economics, Say’s Law or Say’s Law of Markets is a principle attributed to French businessman and economist Jean Baptiste Say (1767 1832) stating that there can be no demand without supply. A central element of Say s Law is that recession does… …
58Fixed exchange-rate system — Foreign exchange Exchange rates Currency band Exchange rate Exchange rate regime Exchange rate flexibil …
59Monetary-disequilibrium theory — is basically a product of the Monetarist school mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concept of monetary equilibrium(disequilibrium) was however defined in terms of an individual s demand for… …
60Optimum currency area — In economics, an optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency. It describes the optimal… …
