economic Darwinism

The process of natural selection as applied to business models.

As we enter into recession, the principle of economic Darwinism will be more apparent.

by Quido1 March 10, 2008

Esoteric Economics

Esoteric economics is a failed school of economic thought that claims wage labor and the traditional business are created by the state. Esoteric economics also argues that the state can be abolish if you just buy Bitcoin and that states are unsustainable. Esoteric economics is heavily influenced by mutualist economics and Austrian economics.

Chicago economist David D. Friedman challenged the founder of the Esoteric school of thought on a livestream and destroyed him using facts and logic to debunk his new school of thought.

Esoteric Economics: “Wage labor and the traditional business model are state creationS and 3D printers will abolish them”

Esoteric Economics: “Just buy Bitcoin and the state will go away”

Esoteric Economics: “State are unsustainable due to the exponential growth curve”

by Killing Esoteric Economics December 9, 2019

circle jerk economy

An economy based on a circular exchange of money where finished goods are consumed and nothing of value is produced.

I'll be taking my half hour lunch break. I have to take the money I made from selling hamburgers to the people working at Walmart and go buy some junk from Walmart. Man, we live in such a circle jerk economy nowadays.

by alphasniper February 23, 2009

Economic Headwinds

Reason given by publicly traded companies while reporting poor performance to investors.

Hey Joe last quarter really sucked we should not have decorated our offices and written big bonus checks to ourselves, what should we do? No worries, I have an easy response, we just tell our investors that we hit economic headwinds and that is why profits are down.

by Mmadigan February 10, 2009

economic anorexia

Skipping a meal or eating less in order to save money.

John: Yo man what do you want for lunch?
Mike: Nothing. I have economic anorexia.

by masterchef28 March 19, 2009

Econoception

is a term that symbolizes how the markets (and society in general) ignore the reality and rather trust the perception gathered through media and others.

It is also supported by the theory that "as long as the numbers stay in line with previously acceptable economic data, the world won’t fret too much about what is happening on the ground."

Basically it is the amount of shit perceived as real by the majority but underneath the facts say the opposite. Rising econoception is the rising amount of shit covered up by the facts which will eventually be exposed causing a declining econoception where the shit has been exposed and hit the fan.

An example can be made also in relationships...
If you think things are going bad with your girl and she's cheating but you stick with her... thats rising econoception. Eventually the truth will come out that she is banging your best friend and you'll kick your ass (or he will for you?). Then a violent declining econoception starts because you about to jump off a building due to the truth kicking your ass.

Or another very simple example is a thai ladyboy... do a search on google images and you'll witness what we talking about. It looks great in the beginning if you a straight guy (rising econoception) and no matter how much you want to believe it... in the end IT will catch up with you (declining econoception).

A more formal example in the first world is the US mortgage crisis. Enough said.

So a lot of people rather trust the perception and ignore the reality and so... Econoception is born.

by realitysabitch April 17, 2009

Econotaining

Verb: The act of entertaining in reduced financial circumstances.

I know last year we treated your friends at the restaurant for your birthday, but this year we'll have to split the bill and econotain.

Because we are econotaining, everyone will BYOB and play charades here at my house.

Our first date was econotaining: he took me biking. It was OK...

by Twinzilla April 26, 2009