JAMES M. BUCHANAN JR.
An American economist and recipient of the 1986 Nobel Memorial Prize in Economics for his work on public choice theory, which is applicable to the political decision-making and public economics. Buchanan wrote the book "The Calculus of Consent" with fellow economist Gordon Tullock. He became a members of the Board of Advisors of The Independent Institute, a distinguished senior fellow of the Cato Institute. He also taught at Virginia Polytechnic Institute and George Mason University.
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GMD
ISO 4217 abbreviation for Gambian dalasi, official currency of Gambia. Introduced in 1971, it replaced the former national currency, the Gambian po ...
Breakeven Tax Rate
Tax rate that is neither profitable nor unprofitable for an individual, company, or institution to engage in a certain transaction. It refers to a ...
Beating The Gun
An informal and casual phrase used when an investor buys or sells a security at an advantageous amount by conducting a trade ahead of the market&rs ...
Consumer Debt
Debt incurred for purchasing consumable goods or products that do not appreciate. Normally, an individual gain no benefit from possessing high leve ...
American Recovery and Reinvestment Act
It is an act that was signed in February 2009 by US President Barack Obama. This act was initiated to respond to the country’s weak economic ...
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An Introduction to the Basics of Economics
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