Economics & Economic Systems, VOL-ŠIK
Economic system, any of the ways in which humankind has arranged for its material provisioning. One would think that there would be a great variety of such systems, corresponding to the many cultural arrangements that have characterized human society.
Economics & Economic Systems Encyclopedia Articles By Title
Paul Volcker was an American economist and banker who, as chairman of the board of governors of the U.S. Federal......
Het Vrije Volk, former daily evening socialist newspaper, once one of the largest and most influential dailies......
wage and salary, income derived from human labour. Technically, wages and salaries cover all compensation made......
wage theory, portion of economic theory that attempts to explain the determination of the payment of labour. A......
wage-price control, setting of government guidelines for limiting increases in wages and prices. It is a principal......
Robert F. Wagner was a U.S. senator and leading architect of the modern welfare state. Wagner arrived in the United......
René Waldeck-Rousseau was a politician who, as premier of France, settled the Dreyfus Affair. He was also responsible......
Francis A. Walker was an American economist and statistician who broadened and helped modernize the character and......
Léon Walras was a French-born economist whose work Éléments d’économie politique pure (1874–77; Elements of Pure......
wampum, tubular shell beads that have been assembled into strings or woven into belts or embroidered ornaments,......
war finance, fiscal and monetary methods that are used in meeting the costs of war, including taxation, compulsory......
Barbara Ward, Baroness Jackson was a British economist and writer. After studying economics at the University of......
Washington Consensus, a set of economic policy recommendations for developing countries, and Latin America in particular,......
Lech Wałęsa is a labour activist who helped form and led (1980–90) communist Poland’s first independent trade union,......
distribution of wealth and income, the way in which the wealth and income of a nation are divided among its population,......
Weather Underground, militant group of young white Americans formed in 1969 that grew out of the anti-Vietnam War......
Max Weber was a German sociologist and political economist best known for his thesis of the “Protestant ethic,”......
Sir Roy Welensky was a Northern Rhodesian trade unionist and statesman who helped found the Federation of Rhodesia......
welfare economics, branch of economics that seeks to evaluate economic policies in terms of their effects on the......
David Ames Wells was a popular American writer on science and economics who, as chairman of the National Revenue......
Fiscal policy refers to the spending programs and tax policies that the government uses to guide the economy. Governments......
white paper, an authoritative report detailing an issue, position, problem, solution, or even a commercial product......
Whitley Council, in Great Britain, any of the bodies made up of representatives of labour and management for the......
wholesale price index, measure of changes in the prices charged by manufacturers and wholesalers. Wholesale price......
wholesaling, the selling of merchandise to anyone other than a retail customer. The merchandise may be sold to......
Knut Wicksell was a Swedish economist, the foremost in his generation and internationally renowned for his pioneering......
Philip Henry Wicksteed was a British economist, classicist, literary critic, and theologian. Wicksteed, who was......
Friedrich von Wieser was an economist who was one of the principal members of the Austrian school of economics,......
wildcat bank, unsound bank chartered under state law during the period of uncontrolled state banking (1816–63)......
wildcat strike, work stoppage undertaken by employees without the consent of their respective unions. Such strikes......
William I was the king of the Netherlands and grand duke of Luxembourg (1815–40) who sparked a commercial and industrial......
John Henry Williams was an American economist, banker, and government adviser who achieved world renown as an expert......
Roy Lee Williams was an American union leader, president of the International Brotherhood of Teamsters (1981–83)......
Oliver E. Williamson was an American social scientist who, with Elinor Ostrom, was awarded the 2009 Nobel Prize......
Robert B. Wilson is an American economist who, with Paul Milgrom, was awarded the 2020 Nobel Prize for Economics......
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was established in 1968 by the Bank......
Gerrard Winstanley was a leader and theoretician of the group of English agrarian communists known as the Diggers,......
Sergey Yulyevich, Count Witte was a Russian minister of finance (1892–1903) and the first constitutional prime......
James Wolfensohn was an Australian-born American banker who served as president of the World Bank (1995–2005),......
Women’s Trade Union League (WTUL), American organization, the first national association dedicated to organizing......
won, monetary units of South Korea and North Korea. The Bank of Korea has the exclusive authority to issue banknotes......
Helen Laura Sumner Woodbury was an American economist whose investigative work centred largely on historical and......
George Woodcock was an English labour leader who was general secretary of the Trades Union Congress (TUC) from......
work, in economics and sociology, the activities and labour necessary to the survival of society. What follows......
history of the organization of work, history of the methods by which society structures the activities and labour......
workers’ compensation, social welfare program through which employers bear some of the cost of their employees’......
Workers’ Opposition, in the history of the Soviet Union, a group within the Communist Party that achieved prominence......
World Bank, international organization affiliated with the United Nations (UN) and designed to finance projects......
World Confederation of Labour (WCL), labour confederation founded as the International Federation of Christian......
World Federation of Trade Unions (WFTU), leftist-oriented international labour organization founded in 1945 by......
world’s fair, large international exhibition of a wide variety of industrial, scientific, and cultural items that......
Writers’ Union of the U.S.S.R., organization formed in 1932 by a decree of the Central Committee of the Communist......
Janet Yellen is an American economist, who was the chair (2014–18) of the Board of Governors of the Federal Reserve......
yellow-dog contract, agreement between an employer and an employee in which the employee agrees, as a condition......
yen, monetary unit of Japan. The yen was divided into 100 sen and into 1,000 rin until 1954, when these tiny denominations......
yield curve, in economics and finance, a curve that shows the interest rate associated with different contract......
Young America Movement, philosophical, economic, spiritual, and political concept in vogue in the United States......
Muhammad Yunus is a Bangladeshi economist and founder of the Grameen Bank, an institution that provides microcredit......
za, in feudal Japan, any of the mercantile or craft guilds that flourished about 1100–1590. They did not become......
zaibatsu, (Japanese: “wealthy clique”), any of the large capitalist enterprises of Japan before World War II, similar......
zakat, an obligatory tax required of Muslims, one of the five Pillars of Islam. The zakat is levied on five categories......
zamindar, in India, a holder or occupier (dār) of land (zamīn). The root words are Persian, and the resulting name......
Zhang Juzheng was a powerful Chinese minister during the years of the reign (1566/67–72) of the emperor Muzong......
Zhao Ziyang was the premier of China (1980–87) and general secretary of the Chinese Communist Party (1987–89).......
Todor Zhivkov was the first secretary of the ruling Bulgarian Communist Party’s Central Committee (1954–89) and......
Zhou Enlai was a leading figure in the Chinese Communist Party (CCP) and premier (1949–76) and foreign minister......
Zhou Xiaochuan is a Chinese economist, banking executive, and government official who served as the governor of......
Zhu De was one of China’s greatest military leaders and the founder of the Chinese communist army. Born into a......
Zhu Rongji is a Chinese politician who was a leading economic reformer in the Chinese Communist Party (CCP). He......
Grigory Yevseyevich Zinovyev was a revolutionary who worked closely with Lenin in the Bolshevik Party before the......
zloty, monetary unit of Poland. Each zloty (spelled złoty in Polish) is divided into 100 groszy. The National Bank......
zoning, the legislative method of controlling land use by regulating such considerations as the type of buildings......
Sergey Vasilyevich Zubatov was a tsarist colonel of the Russian gendarmes known for his establishment of a system......
Gennady Andreyevich Zyuganov is a Russian politician who served as leader of the Communist Party of the Russian......
Tansu Çiller is a Turkish economist and politician, who was Turkey’s first female prime minister (1993–96). Çiller......
Ōkita Saburo was a Japanese economist and government official who was instrumental in developing the plan that......
Ota Šik was a Czech economist who laid the economic groundwork for the reforms of the Prague Spring of 1968. Šik......