James E. Meade
DefinitionJames Edward Meade CB, FBA was a British economist and winner of the 1977 Nobel Memorial Prize in Economic Sciences jointly with the Swedish economist Bertil Ohlin for their "pathbreaking contribution to the theory of international trade and international capital movements." James E. Meade What is 'James E. Meade' A Keynesian economist who won the 1977 Nobel...
Joint
What is 'Joint' A legal term describing a transaction or agreement where two or more parties act in unison. Explaining 'Joint' In addition to pertaining to accounts or ownership in real property, joint can also refer to liability. Joint liability exists in situations where two or more people share the burden of a debt....
Job Openings and Labor Turnover Survey (JOLTS)
What is 'Job Openings and Labor Turnover Survey - JOLTS' A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and...
Japanese Government Bond (JGB)
What is 'Japanese Government Bond - JGB' A bond issued by the government of Japan. The government pays interest on the bond until the maturity date. At the maturity date, the full price of the bond is returned to the bondholder. Japanese government bonds play a key role in the financial securities market in Japan. ...
John Bates Clark
DefinitionJohn Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University. John Bates Clark What is 'John Bates Clark' An American Neoclassical economist renowned for his development of the marginal productivity...
Job Footprint
What is 'Job Footprint' The scope and range of an employee's duties while under a company's employ. A secretary's job footprint might include answering phones, greeting visitors, scheduling meetings and appointments and typing up documents. If she were promoted to office manager, her job footprint might change or expand to include ordering office supplies and equipment, managing...
Jobs And Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)
In this post, we will be discussing the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA). This was a bill that was passed in order to provide tax relief for American citizens. We will talk about who benefits from the bill, how it works, and what are the pros and cons of taking advantage of it. Finally,...
John R. Hicks
Who was John Hicks? John Hicks was a British economist who was awarded the Nobel Prize in Economics in 1972. He is best known for his work on welfare economics and consumer demand, and he also made significant contributions to the theory of economic growth. Hicks's work on welfare economics helped to develop the concept of the "compensation principle," which...
Japan Inc.
What is 'Japan Inc.' A nickname for the corporate world of Japan that came about during the 1980s boom, when Western business people saw how closely the Japanese government worked with its nation's business sector. Explaining 'Japan Inc.' The high degree of collusion between Japan's corporate and political sectors led to corruption throughout the...
John T. Chambers
DefinitionJohn Thomas Chambers is the former executive chairman and CEO of Cisco Systems. John T. Chambers What is 'John T. Chambers' The president and CEO of Cisco Systems, a consumer electronics, networking and communications technology company, since 1995 and chairman since 2006. Chambers joined the company in 1991 as senior vice president of Worldwide Sales and Operations....