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Social Studies skills: Difference between revisions

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** 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
* client politics
* client politics
*  
* churning
** assets churning
*** a form of rent seeking whereby a regulated public utility seeks replacement infrastructure solely for the purpose of generating interest income on the investment, and not for a genuine need for that infrastructure, or, worse, intentionally investing in assets or infrastructure that will require future replacement (see "planned obsolescence")
** brokerage churning
* externalities
* externalities
* Inflation/ deflation
* Inflation/ deflation
* Labor supply / flexibility of labor supply
* Labor supply / flexibility of labor supply
*
* planned obsolescence
** obsolescence = out of date, no longer useful or appealing
** deliberate design for a product or asset to require replacement
** practices may include, automobile or cell phone design to entire consumers to purchase based upon a new "look", fad, or feature that does not make the previous version obsolete
* public goods
* public goods
* regulatory capture
* regulatory capture