econobonics

Meaningless gibberish about economics meant to make an ignorant writer sound authoritative.

...in the comments there was some minor quibbling and tut-tutting and a healthy-heapin’ handful of econobonics words like “predictive,” “multi-causal,” “independent predictor,” “differing methodologies,” and “intervening assumptions” ...

(from tbogg at firedoglake dot com, 2010-07-27, "Quivering-with-antici-pation")

by Tehanu July 28, 2010

econocentrism

Econocentrism is judging another economic system solely by the values and standards of one's own economic system. Econocentric individuals judge advocates for other economic systems relative to their own economic system, especially with concern for underlying supply and demand principles, with or without formalizing the value of intangible assets like human emotional development or environmental sustainability, and the monolithic implied trustworthiness of market dynamics.

These distinctions and subdivisions among various economic systems serve to define each economists unique philosophical and academic identity. Econocentrism may be overt or subtle, and while it is considered a natural proclivity of western democratic and humanitarian values, it has developed a generally negative connotation as a result of the contemporary outcome of globalized neo-liberal and free-market economic dominance, which has been observed as producing obscene wealth and income inequality, robust destruction of the life supporting planetary ecosystem, and the dismantling of the ability of national political institutions to serve the best interests of their largest constituencies.

The Grove City College holds a peculiar variation of econocentrism, as its core economic curricula is structured to communicate the theory of free-market economics as most notably presented by Von Mises. This economic system and theory is an outlier among other US colleges and universities, which predominantly are econocentrist, to the context of neo-liberal economics.

by aaron_ros June 9, 2016

Econovirus

A byproduct of a national pandemic that negatively impacts a nations Economy.

After the negative effects of the Coronavirus we braced ourselves for the second wave that swept the nation called the Econovirus.

by Bwelz March 30, 2020

Perpetual Economic Fear

The cycle of a society fearing and producing difficult economic conditions. This fear of future economic turmoil is due to current poor conditions. Thus the society stops functioning normally due to the fear and consequentially generates more fear and worse conditions.

The recession of 2008 deepened into a depression in 2009 due to perpetual economic fear.

by Wobbe January 20, 2009

venezuelan economy

Complete ass

Guy1: you heard about the stock market crash
Guy from Venezuela: you fuck you mother ass fucker bitch

Guy1: Shut the fuck up before I fuck you like the Venezuelan Economy

by ButterMyEggroll May 2, 2019

pussy economics

Defining the cost of vagina or sex in a given area; ie strip club or night out will cost 200$ Vs another arena a hooker will cost $160. Which venture will get you most for your money .
Also known as (gash cash)

You can get a high class Escort from seeking arrangements for 300$ or a track star for 150$ Pussy economics.

by sidmon69 May 8, 2019

Black Economics

Black economics is a way of life that some Black people practice in order to get ahead in life

Jamal and his family like to practice Black Economics by buying from black owned businesses which helps them keep their money circulating in the Black community. Jamal's family taught him financial literacy, the principles of group economics, how to invest, and the value of entrepreneurial ownership at such a young age that he lives by those values til this day.

by KingBam September 2, 2020