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Binary economics, the Glossary

Binary economics, also known as two-factor economics, is a theory of economics that endorses both private property and a free market but proposes significant reforms to the banking system.^[1]

50 relations: Abrahamic religions, Bank, Binary opposition, Capital (economics), Center for Economic and Social Justice, Central bank, Clark Kerr, Cold War, Collateral (finance), Communism, Depreciation, Developing country, Distribution (economics), Econometrics, Economics, Employee stock ownership, Factors of production, Fractional-reserve banking, Free market, Full-reserve banking, General equilibrium theory, Heterodox economics, Human capital, Industrial Revolution, Inflation, Infrastructure, Interest, Kelso & Company, Labour economics, Land (economics), Left–right political spectrum, Louis O. Kelso, Michael Rowbotham, Mike Gravel, Milton Friedman, Mortimer J. Adler, Nationalization, Neoclassical economics, Nobel Memorial Prize in Economic Sciences, Paul Samuelson, Private property, Productivity, Robot, Russell B. Long, Stock, Time (magazine), Time value of money, United States Congress, Usury, Workforce productivity.
Macroeconomic theories

Abrahamic religions

The Abrahamic religions are a grouping of three of the major religions (Judaism, Christianity, and Islam) together due to their historical coexistence and competition; it refers to Abraham, a figure mentioned in the Hebrew Bible, the Christian Bible, and the Quran, and is used to show similarities between these religions and put them in contrast to Indian religions, Iranian religions, and the East Asian religions (though other religions and belief systems may refer to Abraham as well).

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Bank

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.

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Binary opposition

A binary opposition (also binary system) is a pair of related terms or concepts that are opposite in meaning.

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Capital (economics)

In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services.

See Binary economics and Capital (economics)

Center for Economic and Social Justice

The Center for Economic and Social Justice (CESJ) is a non-profit, educational and research institution organized under § 501(c)(3) of the United States Internal Revenue Code.

See Binary economics and Center for Economic and Social Justice

Central bank

A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union.

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Clark Kerr

Clark Kerr (May 17, 1911 – December 1, 2003) was an American economist and academic administrator.

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Cold War

The Cold War was a period of geopolitical tension between the United States and the Soviet Union and their respective allies, the Western Bloc and the Eastern Bloc, that started in 1947, two years after the end of World War II, and lasted until the fall of the Soviet Union in 1991.

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Collateral (finance)

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

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Communism

Communism (from Latin label) is a sociopolitical, philosophical, and economic ideology within the socialist movement, whose goal is the creation of a communist society, a socioeconomic order centered around common ownership of the means of production, distribution, and exchange that allocates products to everyone in the society based on need.

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Depreciation

In accountancy, depreciation is a term that refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle).

See Binary economics and Depreciation

Developing country

A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries.

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Distribution (economics)

In economics, distribution is the way total output, income, or wealth is distributed among individuals or among the factors of production (such as labour, land, and capital).

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Econometrics

Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships.

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Economics

Economics is a social science that studies the production, distribution, and consumption of goods and services.

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Employee stock ownership

Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies).

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Factors of production

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, goods and services.

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Fractional-reserve banking

Fractional-reserve banking is the system of banking in all countries worldwide, under which banks that take deposits from the public keep only part of their deposit liabilities in liquid assets as a reserve, typically lending the remainder to borrowers. Binary economics and Fractional-reserve banking are monetary reform.

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Free market

In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers.

See Binary economics and Free market

Full-reserve banking

Full-reserve banking (also known as 100% reserve banking, or sovereign money system) is a system of banking where banks do not lend demand deposits and instead only lend from time deposits. Binary economics and Full-reserve banking are monetary reform.

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General equilibrium theory

In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium.

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Heterodox economics

Heterodox economics is any economic thought or theory that contrasts with orthodox schools of economic thought, or that may be beyond neoclassical economics.

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Human capital

Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process.

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Industrial Revolution

The Industrial Revolution, sometimes divided into the First Industrial Revolution and Second Industrial Revolution, was a period of global transition of the human economy towards more widespread, efficient and stable manufacturing processes that succeeded the Agricultural Revolution.

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Inflation

In economics, inflation is a general increase in the prices of goods and services in an economy.

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Infrastructure

Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function.

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Interest

In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate.

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Kelso & Company

Kelso & Company is an American private equity firm focusing on leveraged buyouts, recapitalizations and growth capital transactions.

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Labour economics

Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour.

See Binary economics and Labour economics

Land (economics)

In economics, land comprises all naturally occurring resources as well as geographic land.

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Left–right political spectrum

The left–right political spectrum is a system of classifying political positions, ideologies and parties, with emphasis placed upon issues of social equality and social hierarchy.

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Louis O. Kelso

Louis Orth Kelso (December 4, 1913 – February 17, 1991) was a political economist, corporate and financial lawyer, author, lecturer and merchant banker who is chiefly remembered today as the inventor and pioneer of the employee stock ownership plan (ESOP), invented to enable working people without savings to buy stock in their employer company and pay for it out of its future dividend yield.

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Michael Rowbotham

Michael Rowbotham is a political and economic writer and commentator based in the UK who is primarily known for his two books, The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics (1998) and Goodbye America (2000).

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Mike Gravel

Maurice Robert "Mike" Gravel (May 13, 1930 – June 26, 2021) was an American politician and writer who represented Alaska in the United States Senate from 1969 to 1981 as a member of the Democratic Party.

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Milton Friedman

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy.

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Mortimer J. Adler

Mortimer Jerome Adler (December 28, 1902 – June 28, 2001) was an American philosopher, educator, encyclopedist, popular author and lay theologian.

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Nationalization

Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state.

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Neoclassical economics

Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model.

See Binary economics and Neoclassical economics

Nobel Memorial Prize in Economic Sciences

The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award funded by Sveriges Riksbank and administered by the Nobel Foundation.

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References

[1] https://en.wikipedia.org/wiki/Binary_economics

Binary economics, the Glossary

Table of Contents

See also

Macroeconomic theories

References