ADAM SMITH
A philosopher and free-market economist during the 18th century, famous for his ideologies about the efficiency of labor division and individuals' societal benefit in pursuance of one's self-interest. In the first book of Smith, entitled The Theory of Moral Sentiments, the idea of the invisible hand, or the free-market's tendency of self-regulation through competition, self-interest, demand and supply was proposed. Adam Smith was also known for his wage differentials compensation theory, wherein undesirable or dangerous jobs will mostly likely be paid with higher wages to attract workers on these positions. Smith died in 1790.
POPULAR TERMS
Inflation Derivatives
Subclass of derivative used by individuals to alleviate the outcomes of possible huge inflation levels. Swaps are the most common type of inflation ...
Specific Identification Inventory Valuation Method
Specific identification inventory valuation method is the means of doing inventory to ensure all items are on track. This method is most often util ...
Chinese Depositary Receipt - CDR
Depositary receipt being traded on stock exchanges in China. A Chinese bank issues a certificate, representing a pool of foreign equity traded on l ...
Bund
German term for bond; a bond issued by German government, a counterpart of US Treasury bonds. The government utilizes these bunds to fund its expen ...
Other Long-Term Liabilities
This balance sheet item includes obligations which will not be paid off within a year, but are not included in the category of “long term lia ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Featured Investment: The American Depository Receipt
Investments are what trading is all about. And knowing about the various available investment options and how to trade them is one of the keys to a ...
An Introduction to Ethical Investing
Ethical investing is, simply put, investing while taking into consideration your personal beliefs or your ethics. Because it is personal, it means ...
Ethical Investing: Looking Into Ethical Investments
For studying socially responsible investments, the key word is ethics, of course.
View every corporate webs ...
The Types of Stock
Now that you’ve learned the basics of stocks, what it is, and how it works, we can now learn more about them. The next thing you need to know ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
ECONOMIC CALENDAR
Time | Country | Indices | Period |
---|---|---|---|
02:01 | Rightmove House Prices | Mar | |
04:00 | Fixed Asset Investment | Feb | |
04:00 | Industrial production | Feb | |
04:00 | Retail Sales | Feb | |
04:00 | Unemployment Rate | Feb | |
04:00 | NBS Press Conference | ||
13:00 | Bundesbank Monthly Report | ||
14:15 | Housing Starts | Feb | |
14:30 | Retail Sales | Feb |