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24 Results for Tag: modern

Kondratiev Wave

DefinitionIn 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 e

Harry Markowitz

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

Natural Law

Natural Law What is 'Natural Law' A set of rules inherent in human behavior and human reasoning that governs human conduct. Natural law is preexisting and is not created in courts by judge

Karl Marx

Karl Marx Who was 'Karl Marx' Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction with Friedrich Engels, published "The Comm

Mainstream Economics

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

Modern Economic Derivatives

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

Random Walk Theory

DefinitionA random walk is a mathematical object, known as a stochastic or random process, that describes a path that consists of a succession of random steps on some mathematical space such

Risk Management

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

Cambist

Cambist What is 'Cambist' An individual or broker considered to be an expert in foreign exchange rates. Cambist may also refer to a book providing information, such as exchange rates on

Quantity Theory Of Money

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