Icarus paradox, the Glossary

Table of Contents

1. 30 relations: American International Group, Asahi Breweries, Atari, BofA Securities, Citibank, Consumer spending, Daewoo, Danny Miller (economist), Digital Equipment Corporation, Dynastic cycle, Firestone Tire and Rubber Company, Fortune 500, Fresh & Easy, Greek mythology, Icarus, Information system, Information technology, Kirin Company, Laura Ashley, Laura Ashley (company), Lehman Brothers, Neologism, Progress trap, Radial tire, Revlon, Royal Bank of Scotland, Tesco, Tupperware, Winner's curse, Xerox.

2. Paradoxes in economics

American International Group

American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

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Asahi Breweries

The is a Japanese beverage holding company headquartered in Sumida, Tokyo.

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Atari

Atari is a brand name that has been owned by several entities since its inception in 1972.

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BofA Securities

BofA Securities, Inc., previously Bank of America Merrill Lynch (BAML), is an American multinational investment banking division under the auspices of Bank of America.

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Citibank

Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of financial services multinational Citigroup.

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Consumer spending

Consumer spending is the total money spent on final goods and services by individuals and households.

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Daewoo

Daewoo (literally "great universe" and a portmanteau of "dae" meaning great, and the given name of founder and chairman Kim Woo-choong) also known as the Daewoo Group, was a major South Korean chaebol (type of conglomerate) and automobile manufacturer.

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Danny Miller (economist)

Danny Miller (born 1947) is a Canadian economist and Strategy Professor (Rogers-J.A.-Bombardier Chair of Entrepreneurship) at HEC Montréal.

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Digital Equipment Corporation

Digital Equipment Corporation (DEC), using the trademark Digital, was a major American company in the computer industry from the 1960s to the 1990s.

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Dynastic cycle

Dynastic cycle is an important political theory in Chinese history.

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Firestone Tire and Rubber Company

Firestone Tire and Rubber Company is an American tire company founded by Harvey S. Firestone (18681938) in 1900 initially to supply solid rubber side-wire tires for fire apparatus, and later, pneumatic tires for wagons, buggies, and other forms of wheeled transportation common in the era.

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Fortune 500

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.

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Fresh & Easy

Fresh & Easy Neighborhood Market was a chain of grocery stores in the Western United States, headquartered in El Segundo, California.

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Greek mythology

Greek mythology is the body of myths originally told by the ancient Greeks, and a genre of ancient Greek folklore, today absorbed alongside Roman mythology into the broader designation of classical mythology.

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Icarus

In Greek mythology, Icarus (Íkaros) was the son of the master craftsman Daedalus, the architect of the labyrinth of Crete.

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Information system

An information system (IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information.

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Information technology

Information technology (IT) is a set of related fields that encompass computer systems, software, programming languages, and data and information processing, and storage.

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Kirin Company

The is a Japanese beer and beverage holding company.

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Laura Ashley

Laura Ashley (née Mountney; 7 September 1925 – 17 September 1985) was a Welsh fashion designer and businesswoman.

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Laura Ashley (company)

Laura Ashley is a British textile design company.

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Lehman Brothers

Lehman Brothers Inc. was an American global financial services firm founded in 1850.

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Neologism

In linguistics, a neologism (also known as a coinage) is any newly formed word, term, or phrase that nevertheless has achieved popular or institutional recognition and is becoming accepted into mainstream language.

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Progress trap

A progress trap is the condition human societies experience when, in pursuing progress through human ingenuity, they inadvertently introduce problems that they do not have the resources or the political will to solve for fear of short-term losses in status, stability or quality of life.

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Radial tire

A radial tire (more properly, a radial-ply tire) is a particular design of vehicular tire.

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Revlon

Revlon, Inc. is an American multinational company dealing in cosmetics, skin care, perfume, and personal care.

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Royal Bank of Scotland

The Royal Bank of Scotland (Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland.

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Tesco

Tesco plc is a British multinational groceries and general merchandise retailer headquartered in Welwyn Garden City, England.

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Tupperware

Tupperware is an American company that manufactures, and internationally distributes preparation, storage, and serving containers for the kitchen and home.

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Winner's curse

The winner's curse is a phenomenon that may occur in common value auctions, where all bidders have the same (ex post) value for an item but receive different private (ex ante) signals about this value and wherein the winner is the bidder with the most optimistic evaluation of the asset and therefore will tend to overestimate and overpay.

See Icarus paradox and Winner's curse

Xerox

Xerox Holdings Corporation is an American corporation that sells print and digital document products and services in more than 160 countries.

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See also

Paradoxes in economics

• Arrow information paradox
• Arrow's impossibility theorem
• Bertrand paradox (economics)
• Dollar auction
• Downs–Thomson paradox
• Easterlin paradox
• Edgeworth paradox
• Ergodicity economics
• European paradox
• Gibson's paradox
• Giffen good
• Harrington paradox
• Icarus paradox
• Immiserizing growth
• Impossible trinity
• Jevons paradox
• Khazzoom–Brookes postulate
• Leontief paradox
• Lerner paradox
• Lucas paradox
• Mandeville's paradox
• Mayfield's paradox
• Metzler paradox
• Norwegian paradox
• Paradox of competition
• Paradox of flexibility
• Paradox of prosperity
• Paradox of thrift
• Paradox of toil
• Paradox of value
• Productivity paradox
• Rebound effect (conservation)
• Resource curse
• Scitovsky paradox
• Service recovery paradox
• St. Petersburg paradox
• The Green Paradox
• The paradox of banknotes
• Throw away paradox
• Triffin dilemma
• Zelder paradox

References

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