Tag: modern

For a wide variety of compelling reasons, the way bettors and gamblers transfer and manage their funds has changed a fair amount over the...

Definition In economics, Kondratiev waves are hypothesized cycle-like phenomena in the modern world economy. Kondratiev Wave What is 'Kondratiev Wave' An economic theory created by Soviet economist Nikolai...

DefinitionHarry Max Markowitz is an American economist, and a recipient of the 1989 John von Neumann Theory Prize and the 1990 Nobel Memorial Prize...

What is 'Natural Law' A set of rules inherent in human behavior and human reasoning that governs human conduct. Natural law is...

Who was 'Karl Marx' Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction...

DefinitionMainstream economics may be used to describe the body of knowledge, theories, and models of economics, as taught across universities, that are generally accepted...

Modern economies often utilize a set of complex system of measurements. This is certainly true when it comes to the stock market and international...

What is the 'Random Walk Theory' The random walk theory suggests that stock price changes have the same distribution and are independent of each other,...

Risk management includes all the processes that are used for identifying, analyzing, and either accepting or mitigating the risks that make decision making in...

DefinitionIn monetary economics, the quantity theory of money states that the general price level of goods and services is directly proportional to the amount...