Writers
This person said that Land Produces wealth and Labor forms it
Who is Cantillon
The wages on a check that a McDonalds employee makes
Nominal Wages
Division of labor
dividing the labor amongst everyone depending on their specializations
Money has no owners, it needs to keep moving
Candy Keynes
decrease in production (aka my mental state)
depression
This dude thought it is lawful for people to own private property
my dude Aquinas
Definition of Economics
The efficient allocation of scarce resources with alternate uses for human ends
SURPRISE!! its a spanish question, how do u say taco in spanish
Taco
this dude thought everything comes back to u
Leviticus
professional risktaker in business
Entreprenuer
Price controls
Corn on the Cobden
Crony Capitalism
paying private businesses with rewards or privileges if they return the favor
Inflation
too much money being made and it drives up prices
Interest rates
Rothbard
the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
Protectionism
Economizing
Menger
Economies of Scale
buy in bulk
Lazy-fair
be lazy and leave the economy alone
Broken window fallacy
Bastiat
people will naturally make an organized system
Spontaneous Order
This person said some stuff on Protectionism and ruinous competition
Who is Bastiat?
Capital
The process of changing a producer good into a consumer good
Innumerable Antecedents
there are so many things that go into making a product that it is innumerable
Aspect of self-interest, benevolence of the butcher, brewer
Smith
the belief that actions are right if they are useful to a majority
Utilitarianism