Keyword: consumption
Circular Flow (11/2/2011)
The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.
Keywords: circular flow, consumption, injection, investment, leakage, saving
Circular Flow (transcript) (11/18/2010)
The circular flow diagram captures the big picture of how different sectors of an economy are connected to one another by flows of money and goods.
Keywords: circular flow, closed economy, consumption, exports, factor markets, financial markets, firms, foreign economies, government purchases, households, imports, income, injection, investment, leakage, net taxes, open economy, product markets, saving
Re-counting GDP (9/9/2013)
Some long-lived intangible assets will be counted as capital investment rather than one-time expenses in US GDP.
Keywords: consumption, depreciation, GDP, intangible assets, intellectual property, investment
The Harried Leisure Class (9/3/1999)
Consumers in rich countries have become harried in their futile attempt to increase the productivity of their non-work time.
Keywords: consumption, courtship, eating, gadgets, leisure, productivity, recognition, resource allocation, sex
The Soviet Union - Super Power or Paper Tiger? (4/14/2000)
The dismal transition of the centrally planned Soviet economy to a market economy results from the collapse of an effective government with an encompassing interest and the non-existence of secure property rights.
Keywords: central planners, communism, consumption, democracy, encompassing interest, enterprise managers, investment, market information, privatization, property rights, special interests, state enterprises, surplus