Any fiscally conservative or moderate economic policy or theory aimed at satisfying all political parties involved.
Named after American Senator Evan Bayh (D-IN) and his archetype, the hallowed economist Alan Keynes, both advocates, to some degree, of lasseiz-faire politics.
Named after American Senator Evan Bayh (D-IN) and his archetype, the hallowed economist Alan Keynes, both advocates, to some degree, of lasseiz-faire politics.
The main problem with Bayhnseian Economics is that while attempting to satisfy everybody involved, it also has a record of not satisfying anybody.
by Fiscally Confused February 5, 2009
Get the Bayhnseian Economics mug.-A social science discipline with a contemporaneous logical framework that's based completely on the assumption that scarcity is a problem intrinsic to society. The effect of which justifies greed as a virtue.
-An institutional requirement for dime-a-dozen business majors, usu. taught by middle-aged, overly opinionated, white males in need of serious cultural experiences.
-Taught by sports coaches in high school as the study of "common sense."
-An institutional requirement for dime-a-dozen business majors, usu. taught by middle-aged, overly opinionated, white males in need of serious cultural experiences.
-Taught by sports coaches in high school as the study of "common sense."
Teacher: "Economics studies how a society chooses to allocate its scarce resources among alternative uses."
Student: "What if the society's resources cease to be scarce?"
Teacher: "How is that even possible?"
Student: "The society's productivity meets or exceeds the point of what it needs to sustain itself."
Teacher: "But individual material DESIRES are infinite!"
Student: "Only in a society that breeds such nonsense."
Student: "What if the society's resources cease to be scarce?"
Teacher: "How is that even possible?"
Student: "The society's productivity meets or exceeds the point of what it needs to sustain itself."
Teacher: "But individual material DESIRES are infinite!"
Student: "Only in a society that breeds such nonsense."
by haaaaaze September 14, 2009
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Economics is about creating good outcomes for human beings.
Economics isn't meant to explain everything, but it is good for establishing parameters, distinguishing relationships, identifying issues, clarifying options and providing an analytical framework.
Economics isn't meant to explain everything, but it is good for establishing parameters, distinguishing relationships, identifying issues, clarifying options and providing an analytical framework.
by Leelo Dallas Multipass December 18, 2005
Get the economics mug.The way you find out how fucked up a country is!
And how the government is stealing from its citizens!!!
>:(
And how the government is stealing from its citizens!!!
>:(
by ur freakin brain speaking 2 u! October 19, 2009
Get the economics mug.by dagagapancake69 May 24, 2023
Get the Economics mug.When you pay with cash to the penny. For example, have you ever been in line at a grocery store and the customer is a white haired granny looking lady. When they pay their bill they pay with cash and to the penny.
Granny economics is the best way to stay out of debit. Somebody who uses cash only. A person who knows how to take care of the money.
by Granny economics July 19, 2014
Get the Granny economics mug.The economic idea of maintaining as little wealth as possible while at the same time spending as much as possible on alcohol
James down the road loves Haynesian Economics, he's spent his whole life using it to buy alcohol and have enough confidence to talk to ella
by haynesyboy July 29, 2020
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