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Social Studies skills: Difference between revisions
→Other useful Economics and "Political Economy/-ics" terms and concepts
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* Emergent order | * Emergent order | ||
* Public goods | * Public goods | ||
* Rent | * Rent seeking | ||
** using government rules or law in order to reduce competition | ** using government rules or law in order to reduce competition | ||
** see Frederic Bastiat's "Economic Sophisms" for a satire on candlestick makers who petitioned the government to ban the sun as an unfair competitor' | ** see Frederic Bastiat's "Economic Sophisms" for a satire on candlestick makers who petitioned the government to ban the sun as an unfair competitor' | ||
*** https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat#Economic_Sophisms_and_the_candlemakers'_petition | *** https://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat#Economic_Sophisms_and_the_candlemakers'_petition | ||
* Regulatory capture | |||
* Broken window fallacy (also "Glazier's fallacy) | * Broken window fallacy (also "Glazier's fallacy) | ||
** see Frederic Bastiat's ""Ce qu'on voit et ce qu'on ne voit pas" ("That Which We See and That Which We Do Not See"): https://en.wikipedia.org/wiki/Parable_of_the_broken_window | ** see Frederic Bastiat's ""Ce qu'on voit et ce qu'on ne voit pas" ("That Which We See and That Which We Do Not See"): https://en.wikipedia.org/wiki/Parable_of_the_broken_window | ||