economic democracy

A socioeconomic philosophy that seeks to equalize decision-making power by giving ownership of businesses to the workers that run them. Allegedly, this will even out the distribution of wealth by shifting power from the minority (corporations) and put it in the hands of the majority (the people). Society will then democratically be able to choose the level of resources allocated to businesses.

Here is a link to an informative article explaining economic democracy in more depth, check it out!
www.luc.edu/faculty/dschwei/economicdemocracy.pdf

by peacetothepeople May 17, 2016

economic profit

The concept of settling down with a girl over the winter months in order to save money and avoid going out on those cold nights.

"So mate, have you found yourself any economic profit yet?"

by doing the dishes May 25, 2016

eggonomics

Coined by TapL’s viewers when he mentioned the word “economics” on his video called, “Minecraft, But Eggs Drop OP Items...”

TapL: “This is like eggonomics at this point!”

by DefinitelyDynasty January 17, 2021

The Economist Magazine

A British Magazine founded in 1848. It is a weekly that provides it's readers news of World Politics, recent advances in science, ect. It is set up in 16 parts, The World this Week, Leaders, Letters, Briefing of a major topic, United States, The Americas, Asia, Middle East and Africa, Europe, Britain, International, Business, Finance and Economics, another briefing,science and Technology, Books and Arts, Economic and Financial Indicators, and Obituary. Every once and a while there is also a 14 to 18 page section on a specific topic, and quarterly some articles from a sister magazine, Intelligent Life.

Many Political and Economic leaders read The Economist Magazine.

by Dasichferbotten October 31, 2011

Economically owned

An expression in which the economy has inflicted a bad thing on someone even though it was not the economy's fault.

*John gets his character in a game headshot*

John: Oh my god, I just got economically owned!

Mike: Well, the economy is to be blamed for this.

John: What the fu** does the economy have to do with this?

Mike: I don't fu***** know, just accept that you got economically owned.

by StealthBlackHand March 20, 2009

Trickle Down Theory (non-economic theory)

The theory that a male standing in front of a urinal--no matter how much he squeezes, pulls, pushes, wipes, or waits--has a 100% probability of urinating after he has already pulled up his pants and finished relieving himself. Being a theory, it is impossible to prove, but the experience of billions of men of all ages and throughout all time have almost made the statement a truism.

Alex (while relieving himself in front of a urinal): Hey, didn't Reagan say taxing the rich less would mean more jobs and economic opportunities for simple folk like us?

Ken (while relieving himself in an adjacent urinal): I think so. Well, hey, he gave it his best shot. Now hurry up, we're going to be late for the foreclosure hearing. (Zips up.)

Alex: Alright. (Zips up, then feels a trickle of liquid go down his leg.) WTF?? Damn you trickle down theory (non-economic theory)!!!

Ken: Haha. Got you again, huh? Looks like I was one of the lucky ones. (Feels a trickle down his leg) MOTHER#$%^*@!!!!!!!!

by Ryno247 October 20, 2013

Economic Stockholm Syndrome

The behavior and attitudes exhibited by victims of financial subjugation, causing then to identify with and even defend their oppressors.

Q: Hey, what's up with Matt? His Dad is on social security, his mom got laid off, his sister's kids get free school lunches, he collects federal financial aid for college, and he only makes minimum wage working at Walmarts. Yet he keeps talking about how we need to cut taxes for the wealthy and quit spending so much on social programs.
A: Yeah, he thinks he's going to be a millionaire soon. He's got Economic Stockholm Syndrome.

by Woody Rollins August 25, 2011