compensation principle
2 episodes mention this concept
NewEconomicThinkingDec 11, 2019Rethinking Globalization: Why Neoliberal Policies Failed and How Countries Can Reclaim Economic Destiny with Ha-Joon Chang
EconomicsGlobalization (basic definition)Globalization (comprehensive definition)Trade liberalizationInvestment liberalization- NewEconomicThinkingSep 11, 2019
Ethics & Economics: Reinserting Moral Judgment into Economic Analysis
EconomicsValue-free economicsLogic of choice under scarcityJust priceCustomary price
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Related concepts
Concepts that appear alongside compensation principle across episodes.
- greenfield investment
- social welfare function
- economic rent
- interpersonal comparisons of utility
- diamond-water paradox
- trade liberalization
- value-free economics
- diminishing marginal utility of money
- logic of choice under scarcity
- stewardship concept of private property
- surplus value
- natural rate of unemployment
- human development index (hdi)
- heckscher-ohlin-samuelson model
- disruptive innovation
- welfare state
- harm criterion
- full factor mobility
- trickle-down economics
- rational consumer